Real Estate Listing

Lower East Side Portfolio of 7 Buildings Hits Market for $72M

Posted November 14, 2018 at 5:00 am

An enormous chunk of Chinatown and Lower East Side real estate is now up for grabs. If you can afford it. Investment firm Avison Young began marketing the seven-property portfolio yesterday, seeking a sale price of $72 million. The housing package is a major divestment by controversial city landlord R.A. Cohen & Associates. It boasts seven tenement […]

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McNally Jackson Books Faces $500K Rent Hike

Last modified October 18, 2018 at 9:03 am

Last week, we broke news that McNally Jackson Books is leaving its Prince Street headquarters next spring after fourteen years on the block. Eponymous owner Sarah McNally allayed the sadness by saying that they settled on a new space nearby. Reason for the abrupt departure is an astronomical rent hike. Until now, amount of the […]

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McNally Jackson Bookstore is Leaving Prince Street After 14 Years

Last modified October 11, 2018 at 9:35 pm

Nothing is safe. One of the most vibrant, indeed last, bookstores in downtown Manhattan is apparently leaving. McNally Jackson Books might soon be history, fourteen years after setting up shop in Little Italy. A tipster alerted us to the Winick leasing banners that were affixed to the facade of 50 Prince Street (at Mulberry) yesterday […]

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Art

11-Story Apartment Building on Orchard Street Listed for $16M

Posted September 12, 2018 at 5:03 am

Landlords in the so-called Orchard Street gallery district continue to cash out. The latest to hit the market is number 55, located between Grand and Hester streets. The eleven-story apartment complex went up for sale last week with an exorbitant price tag of $16 million. Jacov and Lazar Zimerbort are the current owners and have […]

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Report: Bowery ‘Tech Incubator’ Buildings Sell for Combined $48.5M

Posted September 6, 2018 at 5:02 am

Remember those much-publicized “tech incubator” buildings on the Bowery? They just changed hands. Located within a block of each other, both buildings – 135 Bowery and 161 Bowery – just sold to Marx Realty for a combined $48.5 million. The sale follows more than a year after former owner Caspi Development began peddling the properties […]

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Streets

‘Taco Mix’ LES Location Revealed on Delancey Street

Last modified August 21, 2018 at 10:50 am

An acclaimed Spanish Harlem taqueria is head south to the Lower East Side. Taco Mix, founded on East 116th Street in 1991, is known for its al pastor tacos, and considered by many as one of the city’s best. Its chosen downtown shop is to be headquartered at 156 Delancey Street, part of the one-story strip […]

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Single-Story Delancey Street Retail Strip Returns to Market for $14.5M

Posted August 20, 2018 at 5:04 am

For the umpteenth time in recent years, the 2,752 square-foot single-story row of retail along Delancey Street by the Williamsburg Bridge is again up for grabs. There has been a flurry of activity here of late, largely to reface the entire property. What was once a run-down facade now boasts some real definition and machismo. […]

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Landmarked ‘Ideal Hosiery’ Building Hits the Market

Last modified August 3, 2018 at 11:45 am

To look at the southwest corner of Ludlow and Grand Streets is to witness the slow obsolescence of a longtime Lower East Side business. There stands the 1832-era Federal-style row house with that fading sign and old-school appearance; the home of Ideal Hosiery is the photographer’s dream shot. Personally, with each exposure shot, we wonder […]

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Streets

With Redevelopment Stalled, Provident Loan Society Building Hits Market for $20M

Posted July 30, 2018 at 4:34 am

The bank is for sale. Despite the city’s approval of redevelopment last December, the Provident Loan Society building on East Houston Street is now on the chopping block. Longtime owners Elsa and Dunnie Lai, who purchased the centenary structure nearly thirty years ago, are now looking to sell. Price sought for the non-landmarked landmark is […]

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‘Doka Square’ Departs Delancey After 3 Years

Posted July 18, 2018 at 5:04 am

Doka Square, the ambitious pan-Asian restaurant at the southwest corner of Eldridge and Delancey Streets, is now kaput. Business concluded earlier this month after just barely three years on the block. The enormous, 5,000 square-foot space is now on the market, repped by Citi Habitats, according to onsite signage. It’s pitched as a whole for […]

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