Real Estate Listing

Century and A Half-Old Wood Frame House on Grand Street on the Market for $5.4M

Last modified January 17, 2019 at 12:09 pm

The People would most likely choose a lesser price tag, but so it goes for $5.4 million. Along the gateway to Grand Street stands number 527, a three-story frame house, currently home to beloved People Choice Pharmacy, a Mom-and-Pop shop for the ‘hood. The folks at People, currently on a month-to-month lease, cater to Lower […]

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Streets

Orchard Street Walkup Hits the Market for $6.5M

Posted January 10, 2019 at 5:05 am

Late last year, the beige brick of 58 Orchard Street received a new coating of paint. It’s a sky blue hue likely meant to somehow raise the value of the property. Our gut told us at the time that a property listing couldn’t be too far behind. And that’s precisely what happened. The six-story walkup […]

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McNally Jackson Books will Remain at its Longtime Prince Street Shop

Posted January 2, 2019 at 5:00 am

It was the proverbial shot heard round the world – McNally Jackson Books was planning a move from its longtime headquarters in Little Italy. Or is it? Word on the street is now that the bookstore is to remain at 52 Prince Street. Its home of fourteen years. Several readers relayed word last week that […]

Blue Man Group Sells its LES Studio for $5.4M

Posted December 27, 2018 at 5:06 am

The Blue Man Group finally divested from its longtime Lower East Side property. Their Clinton Street studio space traded hands this month for $5.4 million. It comes with an additional 4,653 square-feet of development rights, allowing for a new project of roughly 10,120 square-feet. Buyer of record is Dr. Arani Bose, the co-founder of the […]

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Is ‘Moishe’s Bake Shop’ on 2nd Avenue Cooked?

Posted December 7, 2018 at 9:38 am

It might be time to sound the alarm for Moishe’s Bake Shop. The Real Deal reported yesterday that investor Jay Schwimmer recently signed a 21-year lease on the entire building at 115 Second Avenue. For all three floors, in fact, including Moishe’s Bake Shop. Occupancy could begin as soon as March, the lease start date. […]

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Streets

Year-Old Development at 324-326 Grand Street Listed for $33M

Posted December 3, 2018 at 5:00 am

It was nearly a decade in the making, but finally debuted in the spring of 2017. Now, the new mixed-use development at 324-326 Grand Street is officially on the market. The new elevator building – complete with exterior art-washing by Cryptik – was listed last week for a wallet-busting $33 million. There are two commercial units […]

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Streets

‘Lighting by Gregory’ Buildings on the Bowery Sell for $30M

Posted November 26, 2018 at 5:00 am

Lighting by Gregory shuttered its decades-old Bowery store in mid-October. Now we know why. The founding father of the lighting showroom – also the landlord – ultimately decided to cash out. Building owner Joel Horowitz, who’s owned the three-parcel property between Broome and Kenmare since the 1980s, sold the mid-block assemblage for a hefty sum […]

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Streets

Report: Jared Kushner Just Bought the Hotel on Rivington

Posted November 20, 2018 at 5:00 am

Surprise! Trump son-in-law, and presidential adviser, Jared Kushner, is under contract to purchase one of the most notorious properties on the Lower East Side. The posh, yet problematic, Hotel on Rivington in the heart of Hell Square. The New York Post broke the story, noting that Jared and brother Josh are entering new territory by […]

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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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