168 Suffolk St. Sells for $5 Million
A boutique real estate firm called Hogg Holdings has purchased the five-story mixed-use building at 168 Suffolk St., between Stanton and Houston, for $5 million, according to city land records.
The 8,000-square-foot building, which consists of a small retail storefront on the ground level and eight two-bedroom apartments, represents a “repositioning opportunity,” according to the firm’s website.
This morning, the small used-goods retailer that occupies the ground-level store was offering discounts on its wares, while workers carried large items down from upstairs and loaded them into waiting moving trucks. We’ve reached out to Hogg Holdings owner Andres Hogg to ask about his plans for the property, the latest in a string of tenement buildings changing hands in recent weeks, including 217 E. Broadway.
City records show 168 Suffolk St. had belonged to the seller, MCJ Realty Corp., for 44 years. MCJ Realty acquired it from the city at public auction in 1970 for the sum of $14,000, according to the deed on file.