Real Estate Listing

Rat Castle Retail Hits the Market for $4M

Posted September 19, 2017 at 5:09 am

The notorious “Rat Castle” building on Ludlow Street is back in the news. This time for something as innocuous as a real estate listing. Indeed, the owner of the ground-floor commercial condo at 179 Ludlow Street is looking to sell. The 1,650 square-foot space, currently home to national salon chain Drybar, is going for just […]

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‘Kopitiam’ to Depart Canal Street in Quest for Larger Space

Posted September 14, 2017 at 5:06 am

It won’t be long before Kopitiam quits Canal Street. The Malaysian coffee shop, on the block since September 2015, is on the precipice of expansion. Ownership tells us that a move is in the works for Kopitiam, and that the new location will be “around the area.” They might also run a crowdfunding campaign to […]

Streets

With ‘M&M Environmental’ Move to Long Island City, 32 Orchard Street Becomes Gallery Space

Posted September 5, 2017 at 5:09 am

Exterminators out, temporary art gallery in. Local longtimers M&M Environmental expanded this past spring in a big way. The extermination business, formerly headquartered at 32 Orchard Street for more than a decade, signed a lease and relocated to Long Island City. The entirety of their current office space is still up for grabs. “We simply outgrew […]

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6-Story Residential Development to Rise from the Ashes of 330-332 Grand Street

Posted September 5, 2017 at 5:03 am

Last Friday, just as the city geared up for the holiday weekend, a local developer filed plans to construct a new residential development on Grand Street. One that will replace the last of the two-story shops between Ludlow and Orchard Streets. As previously disclosed, property owner Daniel Wise acquired 330-332 Grand Street at the end […]

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Streets

Misrahi’s Long-Vacant 11 Essex Street Sells for $11.4M

Posted August 31, 2017 at 5:08 am

Eight years sitting empty, and a quarter of that time on the chopping block, a notorious Essex Street tenement building just sold for big bucks. Real estate scion, Sion Misrahi of Misrhai Realty, parted with 11 Essex Street for $11.4 million. Slightly discounted from the $12.5 million price tag sought since late 2015. Buyer of […]

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Streets

‘Nonna’s LES Pizzeria’ Might Not Have Much Time Left on Clinton Street

Last modified August 28, 2017 at 2:43 pm

This isn’t a good sign for the eight-year-old Nonna’s LES Pizzeria on Clinton Street. Literally. Just look toward the second floor to scope out the “store for rent” placard nestled between the bar’s of the fire escape. Update: a reader tells us that the pizzeria is not closing, and that the availability is for the space […]

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Heller Realty Picks up Division Street Walkup for $4.4 Million

Posted August 24, 2017 at 5:00 am

The easternmost block of Division Street is heating up. Not just for nightlife but real estate speculation, too. The five-story walkup at 115 Division Street traded last month for a cool $4.4 million. Public records appear to indicate the buyer as Heller Realty, which is masked behind the 115 LES Realty corporate shell. The firm […]

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‘Happy Wok’ on Endangered List as its Delancey Street Space Hits the Market for $13K

Posted August 22, 2017 at 5:12 am

For a stretch of retail on borrowed time, 156-164 Delancey Street sure stays fresh with commercial turnover. Indeed, within the last eighteen months, a dollar pizza joint and Coco bubble tea dispensary signed leases. Not to mention, Boost Mobile and Cricket Wireless. However, one of the stalwarts on this low-rise block might soon fade into […]

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Two-Story Shops at 330-332 Grand Street Sell for $6M, Demolition and Redevelopment Imminent

Posted August 21, 2017 at 5:00 am

Back in April, we noticed some unusual activity happening at 330-332 Grand Street. The roll-down gates for all five commercial units were hoisted, and the sidewalk flaps to the cellar opened. This could only mean one thing – imminent changing of the guard. And that’s exactly what happened. According to public records, the holdout two-story […]

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Streets

’80s Concept Bar ‘GB85’ on Rivington Street is for Sale

Posted August 18, 2017 at 5:12 am

The 1980s-themed bar GB85 on Rivington Street is not long for the neighborhood. As next of kin for Stay Classy New York, the small concept spot is now listed for sale. Tower Brokerage was retained to represent the seller. According to the real estate listing making the rounds, the 1,300 square-foot (plus basement) space is […]

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