Streit’s Matzo Buildings Sold For $30.5 Million
City finance records made public today show that the Streit’s Matzo Factory was sold for $30,500,000. The transaction became known in January but family members would not reveal the purchaser or the purchase price.
After 90 years on the Lower East Side, Streit’s decided the time had come to move out of Manhattan. The factory ended production after Passover but has not yet shut down the Irvington Street operation. The company s weighing whether to shift all production to an existing New Jersey facility or to establish a factory in another location.