Real Estate Listing

‘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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Beer Fridge Seeks ‘Shop Share’ Arrangement on Essex Street

Posted July 10, 2018 at 5:03 am

Beer Fridge opened less than a year ago, and now it’s soliciting for retailers to share its tiny space at 41 Essex Street. Its proprietor took to Craigslist a couple weeks ago seeking a “retail partner to shop share or host small pop-up events at our prime location.” This intention to sublet the tiny 350 […]

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Streets

Mahfar Looks to Flip 99 Allen Street for $13M

Posted June 28, 2018 at 5:10 am

Controversial local landlord Samy Mahfar is looking to cash out one of his Lower East Side holdings. The “repositioned” five-story tenement at 99 Allen Street is now on the market for $13 million. The listing arrives nearly five years after Mahfar first purchased the building (September 2013) from Heaven Way Buddha Church for $4.4 million. […]

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Streets

The $162M Spoiler in the Hotel Indigo Deal on the Lower East Side

Posted June 11, 2018 at 9:39 am

Two weeks ago, news leaked that Brookfield Capital Real Estate was nearing a deal to acquire the Hell Square Hotel Indigo for $160 million. A spoiler just entered the ring. According to a report in The Real Deal yesterday, a real estate juggernaut called MRR Development swooped in for the kill, allegedly offering $162 million for […]

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‘Lucky’s Famous Burgers’ Closes After 8 Years on East Houston

Posted June 7, 2018 at 5:00 am

Cue the unlucky Lucky jokes. Lucky’s Famous Burgers just closed up shop on East Houston, capping an eight-year run. Signs in the window alert customers to the shutter while thanking for the patronage. This turn of events isn’t a complete shock. The Lucky’s space has been on the endangered list for the better part of […]

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‘Hecho en Dumbo’ to Shutter After More than 8 Years on the Bowery

Posted June 5, 2018 at 5:05 am

Hecho en Dumbo is closing up shop. Management officially disseminated the news Sunday evening, thus concluding more than eight years on the Bowery. The imminent shutter – this Saturday (June 9) – was expected these last several months. Indeed, we first spotted real estate listings for the commercial condo at 354 Bowery exactly one year […]

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Streets

Report: Brookfield to Acquire LES Hotel Indigo for $160M

Posted June 1, 2018 at 5:00 am

Nearly three years after its long-awaited debut, the Hotel Indigo in Hell Square is set to change hands. Brookfield Property Partners reportedly signed a letter of intent to acquire the 26-story development from Brack Capital Real Estate for $160 million, according to a report in The Real Deal. News of the potential sale arrives almost […]

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‘Cherche Midi’ on the Bowery Sets Closing Date for June 10

Posted May 24, 2018 at 5:09 am

For Cherche Midi, the end of the line is nigh. Final date is set. We are told by workers that business at Keith McNally’s four-year-old successor to Pulino’s will reportedly conclude on June 10. The cause for closure is apparently the expiration of the restaurant’s lease. However, the state filing noted the reason as “economic,” […]

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Streets

‘Market Ipanema’ Shutters After 2 Years on Kenmare Street

Posted May 22, 2018 at 5:06 am

For Brazilian-based Market Ipanema, Kenmare Street was the stateside flagship restaurant. Not anymore. The international fast-casual eatery, which serves “healthy food with a Brazilian twist,” recently shut down after two years on the block. The 500 square-foot storefront is now vacant and on the market for $6,500. The stretch of Kenmare Street has a history […]

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Twin Tenements on Orchard Street Hit the Market for First time in 90 Years

Posted May 14, 2018 at 5:08 am

The dominoes continue to fall. Two conjoined, through-block tenements in Hell Square just hit the market last week, 159-161 Orchard Street (aka 164-166 Allen). If the broker-babble is to be believed, then this is the first time to market for these properties in some ninety years. The buildings are pitched as an investment with significant […]

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