Real Estate Listing

Lands End II Complex Sold to Related for $435M

Last modified November 19, 2020 at 7:38 pm

Related Companies finalized a deal this week to acquire two Section 8 affordable housing properties on the Lower East Side waterfront. The $435 million transaction for Lands End II at 265-275 Cherry Street, first reported by the Real Deal, is touted as one of the largest multifamily deals to go through since the outset of […]

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Iconic ‘Sohotel’ on the Bowery Hits the Market as $55M Development Opportunity

Last modified November 11, 2020 at 5:40 pm

One of the longest running hotel properties in the city is now on the market for an astronomical ask. Sohotel, the 94-key hotel at the corner Broome Street and the Bowery, is currently making the rounds as a “prime corner development site.” Asking price for the 42,000 square-foot property is $54.99 million. Despite the positioning […]

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Parisi Bakery Building on Elizabeth Street Listed for $5.99M

Posted October 29, 2020 at 5:07 am

The NoHo building housing Parisi Bakery is up for sale, and the store may not survive. Robert Parisi – building owner and former head baker of the family business – listed 290 Elizabeth Street on the market. He’s seeking $5.99 million for the seven-unit, mixed-use tenement. Parisi purchased the property in 1983 for $200,000, property […]

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Ludlow Street Home of Bulgarian Bar Pitched for $13M

Posted October 15, 2020 at 5:05 am

The three-story tenement housing the so-called Bulgarian Bar is now on the market. The recent arrival of a large ad banner at 113 Ludlow Street is evidence enough. EXP Realty is the brokerage of record, listing the property for a handsome $13.5 million. It’s pitched as a development opportunity: Investors, Developers and Builders welcome to the […]

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Mezetto will Not be Reopening on East Houston Street

Posted October 6, 2020 at 5:06 am

The novel coronavirus continues to wipe out city nightlife. Here on the Lower East Side, the latest victim is eight-year-old Mezetto. Like so many city establishments that closed at the outset of the pandemic shutdown, the Mediterranean spot will not be returning. “We are deeply saddened that its come to this [but] we at Mezetto would […]

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Tao’s ‘Vandal’ Nightclub Erased from the Bowery

Posted September 10, 2020 at 5:00 am

The economic fallout from the coronavirus lockdown earlier this year continues to devastate the nightlife realm. Even the big fish are reeling. Case in point is Tao, whose nightclub on the Bowery is now kaput. Indeed, Vandal had shut down with the rest of the city back in March, but ultimately didn’t make it through. […]

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Streets

Grand Street Guild Inches Closer to Development of Affordable Towers

Posted September 1, 2020 at 5:00 am

It was one year ago when renderings first circulated of two new towers for the Lower East Side skyline. Now there is more updated information on the affordable housing project by the Grand Street Guild. If Department of Buildings approves the applications and zoning modifications, the massive development would break ground behind St. Mary’s Church, […]

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Bowery Mission Puts Avenue D Men’s Shelter on the Market

Posted July 22, 2020 at 5:02 am

The Bowery Mission is looking to sell its Alphabet City men’s shelter in a bid to help sustain services through the coronavirus pandemic. According to a report in Real Estate Weekly, the historic organization tapped JLL Capital Markets to help sell 45-51 Avenue D. The two-building property currently offers transitional housing for formerly homeless men […]

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Streets

Grand Street Development Hits Market for $10.5M

Posted June 18, 2020 at 5:09 am

Finished four years ago, a Grand Street mixed-use development just hit the market. The six-story building at 328 Grand Street is on the chopping block for an asking price of $10.5 million. That coin gets you a property with two vacant commercial units (1 ground floor and 1 lower level) and five market rate apartments. […]

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Streets

Faerman Cash Registers Cashed out of the Bowery with $5M Sale

Posted June 10, 2020 at 5:00 am

Cha-ching! The Faerman Cash Register Company is finally cashing out of the Bowery. After nearly a year on the market without incident, 159 Bowery traded hands late last month for $5 million ($1,175 per square-foot). The property is zoned for retail on floors one and two, with a large loft apartment on floor three. There are […]

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Streets