Real Estate Listing

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

New 12-Story Development to Rise Across from Essex Crossing on Ludlow Street

Posted April 1, 2020 at 5:08 am

Nevermind the pandemic at the doorstep, more development must happen on the Lower East Side. New construction permits were filed this week for a twelve-story mid-block development directly across from the International School of Photography. The property in question is 89-91 Ludlow Street, two parcels which last year changed hands for $12.3 million. The filing […]

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The Children’s Place on Delancey Street Might Not Survive 2020

Posted February 25, 2020 at 5:03 am

The Lower East Side outpost of The Children’s Place is operating on borrowed time. The tombstone leasing banner beside its store signage at 126 Delancey says it all. Diving deeper into the real estate listing – repped by Sinvin [PDF] – it appears the 7,600 square-foot space is available starting November 2020. And Essex Crossing […]

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This Blight is Possible for the Corner of Attorney and Delancey Streets

Posted January 7, 2020 at 5:00 am

The low-rise, northwest corner of Attorney and Delancey Streets is ready for the big time. Years of pop-ups and short-lived businesses finally culminates this year with its listing on the open market. Indeed, with Essex Crossing now operational and exerting upward real estate pressure, the two vacant buildings at 176-178 Delancey are the next dominoes […]

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Beastie Boys’ Former Party House for Sale on Chrystie Street

Posted December 4, 2019 at 5:05 am

There was a Dispatch in the New York Post last week that touched upon the availability of 55-59 Chrystie Street. Bankrupted and liquidated of its occupants – all commercial – the court-ordered bankruptcy appointee seeks to refill the ranks. The 46,350-square-foot building was reportedly undergoing upscaling to “higher-rent creative tenants” when, after shelling out roughly $1.9 […]

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Last Low-Rise Retail Strip on Delancey Street Nets $14M

Posted November 27, 2019 at 5:00 am

The last low-rise strip of retail on the Delancey Street corridor just changed hands for the handsome sum of $14 million. For more than four years, the single-story row of retail at the foot of the Williamsburg Bridge on had been pitched as a prime development opportunity. Until this past September when we caught wind […]

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Eldridge Street Development Listed for $21M

Posted November 26, 2019 at 5:09 am

With Essex Crossing almost completely operational, the trend is to cash out. Specifically those building owners orbiting the billion-dollar development, who can now command top price. The eight-story development at 165 Eldridge Street, north of Delancey, is next up. The seventeen-year-old housing complex hit the market last week (via Compass) for a whopping $21 million. […]

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Essex Crossing Adjacent Properties on Ludlow Street Fetch $12M

Posted November 15, 2019 at 5:00 am

Change may soon come to the Chinese food wholesaler at 89-91 Ludlow Street. The dual property just changed hands this month for $12.3 million. Buyer of record is an LLC linked to Brooklyn’s Xiaoling Huang. The two parcels in question, comprising a three-story commercial building and the adjacent lot where wholesaler C&L Restaurant Supply currently […]

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