“Pink Building,” Adjacent Properties Changing Hands

We have another big real estate transaction to report on the Lower East Side this morning. 

Followup: Ashkenazy Acquisition Corp. Acquiring 156-164 Delancey Street

156-164 Delancey Street

Yesterday we reported that Ashkenazy Acquisition Corp., a major commercial property owner, was marketing billboard space at 156-164 Delancey Street, a single story building directly across the street from the Seward Park Mixed-Use development site.  The promotional materials offered a pretty obvious clue that the property had recently changed hands.  Today we have confirmation of that.

A short time ago, Michael DeCheser of Massey Knakal Real Estate Services said 156-164 Delancey is in contract and the sale is expected to be finalized very soon. He said there were more than 30 offers for the site, which includes 12,000 square feet of air rights. Half of the offers met or exceeded the asking price, which was set at $3,950,000. He declined to disclose the sale price. Previously, the property had been part of the estate of Muriel L. Block, a benefactor of Yeshiva University.