Real Estate Listing

Little Italy Church Rectory Hits the Market as $14M Development Site

Last modified February 20, 2018 at 10:04 am

The dying carcass of Little Italy continues to get picked apart. Mere days after a devastating fire knocked out Angelo’s on Mulberry Street comes word that the Most Precious Blood Church is selling its rectory. (The church itself is on Baxter Street.) The fifty-foot-wide property in question, located at 109 Mulberry Street, currently houses the […]

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Howl! Arts Expands with $9M Commercial Condo at 250 Bowery

Posted February 5, 2018 at 5:17 am

East Village arts nonprofit, Howl! Arts, just closed on a commercial condo on the Bowery. According to a report filed in Crain’s New York last week, the organization, named for Allen Ginsberg’s poem of same, purchased the 6,500 square-foot, second-floor condo at 250 Bowery for a sky-high $9 million. That’s approximately $1,400 per square-foot, thought […]

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Streets

This Real Estate Listing for River Coyote Embraces ‘Hell Square’ as Selling Point

Posted January 26, 2018 at 5:00 am

The River Coyote wine and coffee bar on Ludlow Street is on death’s door. Don’t believe the sign on the front door pinning closure on “repairs,” as the space is already on the market. In the end, River Coyote lasted barely a year since taking over the lease for the likewise sparsely populated predecessor, Amuse Wine […]

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Michael Shah Scoops up 138 Ludlow Street in Hell Square

Posted January 17, 2018 at 5:00 am

Fresh off the failed bid to score a liquor license for Dos Cientos, news comes down the pike today about landlord Michael Shah acquiring a Hell Square walk-up building. His DelShah Capital firm reportedly purchased 138-140 Ludlow Street under the shell company “DS 138 Ludlow LLC.” The sale just closed, so final price has yet […]

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‘The Crossroads’ at 10 Rutgers Sells for Whopping $59M

Posted January 5, 2018 at 5:09 am

In a bonkers Lower East Side real estate play, the rental building at 10 Rutgers Street (at East Broadway) recently changed hands for an astonishing $59 million. The deal closed last week, according to property records, and lists the new owner as Arbor Realty Trust (aka AH 10 Rutgers LLC). Arbor acquired the eight-story building, […]

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From Lobster to Luxury: 8-Story Luxury Condos on Allen Street Go Live

Posted January 3, 2018 at 5:06 am

We haven’t really touched upon the 42 Allen Street development in the five years since our first report about plans for this site. In that time, the high traffic corner has gone from one-story warehouse to eight-story condo development. Indeed, what was once a Chinatown lobster farm wholesale business now sits pretty as a shiny […]

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Streets

Delancey Bridge Tower Zombie Project Site Sells for $29M

Posted December 21, 2017 at 5:08 am

Another Lower East Side zombie reanimates… The forever-stalled Delancey Bridge Tower – a bang-to-bust construction dating back to 2012 – remains a partially-built nightmare. It should’ve already reached its twelve-story height by now. Nope. There hasn’t been activity here since the summer of 2014 (at least), leaving the steel bones of the project exposed. This week, […]

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Up Against Essex Crossing, this Tenement is Now on Market as ‘Development Site’

Last modified December 19, 2017 at 9:12 am

Literally up against Essex Crossing, the through-block tenement at 83 Essex Street (aka 90 Ludlow) remains on the market as the proverbial “development opportunity.” Grand Success Realty (Tzippy Wexler) and Bowery Management (Daniel Fong) partnered to rep this 4,170 square-foot property, and have been doing so for at least the last seven months. No takers […]

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Streets

Returning to the Bowery ‘Bunker,’ Where Yet Another Brokerage Tries to Rent the Retail

Posted November 30, 2017 at 5:00 am

Another year, another attempt to pitch the retail unit at 222 Bowery. More than two-and-a-half years after Green Depot departed the storied “Bunker” building, the former environmentally-concious hardware store remains a vacant shell of itself. At least two different brokerages tried to make a deal here, most recently RKF. However, it was under the tutelage […]

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Streets

Prohibition-Era Funeral Home on Madison Street Hits the Market for $12.5M

Posted November 29, 2017 at 5:00 am

A former Lower East Side funeral home with colorful gangster roots just hit the market as a multimillion-dollar “investment opportunity.” Robert “Roxie” Vanella was a gangster-cum-undertaker who ran in the same circles as Johnnie Torrio and Al Capone. Later in life, the outlaw (and convicted murderer) went straight, and founded his namesake funeral home. Now, […]

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