Real Estate Listing

Two Buildings at Rivington and Suffolk Hit the Market for $12M

Posted September 17, 2019 at 5:04 am

A pair of Lower East Side tenements in the orbit of Essex Crossing is now in the proverbial crosshairs. Both are on the market for a collective $12 million. The two properties are located around the corner from each other at Rivington and Suffolk Streets, and combine for 17,684 square-feet of floor area. The four-story […]

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With Champ Depot Out, Bowery Corner Gains Another Gallery

Posted September 13, 2019 at 5:03 am

For more than a decade, the Champ Depot restaurant supply company occupied 176 Bowery. Now, its former home is completely empty and fetching for a new deep-pocketed tenant. There is a torrent of listings on Craigslist fishing for suitors (“last corner retail in Nolita”), yet one was already found to occupy the second floor. It’s […]

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Art

Streets

Bari Restaurant Equipment Lists Prince Street Building for Sale

Posted September 6, 2019 at 5:00 am

On the Bowery for decades, Bari Restaurant Equipment is now unloading some property. The business recently placed one of its corner buildings on the market. Following its purchase of 234 Bowery and 5 Prince Street in July 2016 for a combined $12.3 million, Bari relocated its manufacturing arm across the river to New Jersey. That […]

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Streets

Paulaner’s Former Bowery Brewery Can be Yours for $50K per Month

Posted July 31, 2019 at 5:07 am

The only brewery on the Bowery remains dry and desperate for investors. But only if you have deep pockets. Over a year since its high-profile failure, the former Paulaner Brauhaus at 265 Bowery is again on the market. Requisite real estate listings want you to know that the German beer company dropped $2 million on […]

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Streets

After a Century on the Bowery, Faerman Cash Registers is Cashing out

Last modified July 23, 2019 at 9:14 am

brief documentary At one point in the mid-twentieth century, the Bowery boasted several cash register stores; soon, though, the count could be down to one. In operation for over a century, the iconic Faerman Cash Register Company is about to depart. The business recently put its building at 159 Bowery up for sale, and there […]

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Streets

Katz’s Adjacent Retail Condo Sells for Record $89M

Posted July 19, 2019 at 5:02 am

The hot pastrami sandwich at Katz’s Deli costs $22.95; the ginormous commercial condo in Ben Shaoul’s luxury development next door costs $89 million. Developer Ben Shaoul reportedly sold the retail portion of the building to the AR Global affiliate New York City REIT. Stated sale price is $88.75 million, which makes it the most expensive […]

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Last Low-Rise Retail Strip on Delancey Sells for $15M

Posted July 17, 2019 at 5:02 am

For more than four years, the single-story retail strip at the foot of the Williamsburg Bridge on Delancey Street has been on the market. Perennially pitched as a prime development opportunity. And now it’s finally changing hands. Public records show that the property is currently under contract, with a memorandum describing the terms. Ashkenazy Investments, […]

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Kottu House Folds After 4 Years on Broome Street

Posted July 12, 2019 at 5:04 am

Kottu House recently departed Broome Street. Gone after more than four years in business. The minuscule Sri Lankan eatery – which stood near the corner of Orchard Street – had been peddled for rent over the last couple months. Even while the eatery was still in business. No more. A restaurant receipt taped to the […]

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Black Tap LES Melts After 2-Year Stint in Hell Square

Posted June 26, 2019 at 5:00 am

Just over two years to the day after its controversial debut in Hell Square, Black Tap LES is no more. The Ludlow Street outpost of the popular burgers-and-shakes chain went dark earlier this month. A spate of costly lawsuits, coupled with an apparent lack of foot traffic – locals were expecting hordes based on other […]

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Modell’s CEO Scoops up 249 Broome Street for $22.5M

Posted June 21, 2019 at 5:00 am

The CEO of Modell’s Sporting Goods now has a $22.5 million stake in the Lower East Side. City records show Mitchell B. Modell as the recent buyer of 249 Broome Street, which last changed hands four years ago. Modell acquired the six-story walk-up from Mark Silver through an entity called “M & M Broome Street […]

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