Real Estate Listing

‘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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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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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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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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September Wines Addresses Closure Talk, Says its Amidst ‘Lease Renewal’

Posted November 22, 2017 at 5:15 am

On Monday, we reported that September Wines & Spirits on Stanton Street is potentially on shaky ground. Several real estate listings surfaced that pitched the twelve-year-old booze shop as available for rent, leading to speculation of an imminent closure. September Wines responded to the news, however, noting that the store is not closing. At least […]

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September Wines Might Not be on Stanton Street Much Longer [Updated]

Last modified November 20, 2017 at 11:16 pm

[Updated Below] The Lower East Side appears poised to lose one of its cherished businesses in the coming months. Hell Square is eating its own. September Wines & Spirits – the local mom-and-pop situated at Ludlow and Stanton Streets – might soon depart the neighborhood after more than a dozen years on the block. There […]

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‘Kopitiam’ on Canal Street Crowdfunds for Survival After 25% Rent Hike

Posted November 14, 2017 at 5:11 am

Canal Street snack shop, Kopitiam, is headlong into its search for a new space. Its brief tenure near the corner of Orchard Street will soon conclude, thanks in large part to increasing rents. At the time we first broke the story, ownership informed us that a larger location was necessary. And while that might be, […]

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‘A. Feibusch’ Might Get Unzipped from Allen Street as 2-Story Property Hits Market for $6M

Posted November 10, 2017 at 5:00 am

It’s one of our favorite buildings in the area, and might meet the wrecking ball in the not-too-distant future. The A. Feibusch Corp. zipper supplier (aka Zipperstop) – located on the Lower East Side for over seventy years – is probably counting down the days. Indeed, a real estate listing just hit the market that […]

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