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Old School at 371 Madison Becomes Luxury Condo Building

371 Madison Street. Photo: Prudential Douglas Elliman.

371 Madison Street. Photo: Prudential Douglas Elliman.

Here’s a story that tells you a lot about both the old and the new Lower East Side. In today’s Wall Street Journal, Chinatown banker and developer Thomas Sung details plans for luxury condos at 371 Madison Street, the gorgeous former public school building he bought at auction in … Continue reading

Sponsored Post: Grand Street Apartment of the Week

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Fully renovated Seward Park 1BR/Balcony just 1 block to F train at East Broadway! Mint windowed kitchen featuring a Viking professional dual burner thermal-convection oven, Fisher Paykel built in gas range top with Miele hood, GE Monogram Refrigerator & Wine Fridge, Miele Optima dishwashwer, Corian counters with Kraftmaid cabinetry and stainless steel double sink. Mint windowed … Continue reading

Misrahi Lists 145 Ludlow For Sale as Development Site

145 Ludlow Street.

145 Ludlow Street.

Look what’s popped up on StreetEasy. Ubiquitous Lower East Side real estate developer Sion Misrahi is trying to unload 145 Ludlow Street. You might remember this parcel as the short-lived “Time Share Backyard,” that slice of suburbia that made headlines last summer.

Misrahi had been battling his longtime nemesis, the Department of Buildings, to … Continue reading

51 Hester St. Sold for $2.2M; Work at Former Gertel’s Stopped

The five-story walk-up building at 51 Hester St. changed hands last week.

The five-story walk-up building at 51 Hester St. changed hands last week.

The five-story building at 51 Hester St., near the corner of Essex Street, has been sold to a new owner.

Land records dated in late December but just filed last week show that a corporation called Wan You Inc. with an address of 99 Canal … Continue reading

City Open to Selling Avenue D Lot to Developer

The area outlined in orange, a total of six lots, is slated for redevelopment as a luxury rental building called Alphabet Plaza.

The area outlined in orange, a total of six lots, is slated for redevelopment as a luxury rental building called Alphabet Plaza.

We have a follow-up on “Alphabet Plaza,” the 12-story residential and commercial building being planned at East 2nd Street and Avenue D.  Last week, the Real Deal reported that Queens-based Kahen Properties is preparing … Continue reading

Funding Approved for Pier 42 and East River Waterfront

A rendering of plans for Pier 42, circa 2010.

A rendering of one proposal for Pier 42 along the East River.

Two major projects along the East River waterfront moved one step closer to reality this morning, when the Lower Manhattan Development Corporation voted officially to fund them.

As we’ve been expecting, the redevelopment of Pier 42 was allotted $14 million, while another $1.9 million was tagged for … Continue reading

Luxury Rental Building Planned at Ave. D and 2nd St.

The area outlined in orange, a total of six lots, is slated for redevelopment as a luxury rental building called Alphabet Plaza.

The area outlined in orange, a total of six lots, is slated for redevelopment as a luxury rental building called Alphabet Plaza. Source: NYC digital tax maps and land records.

Kahen Properties, a Queens-based real estate company, has announced plans to develop a 12-story, 135-unit luxury rental building at the corner of Avenue D and 2nd Street. The … Continue reading

Sponsored Post: Grand Street Apartment of the Week

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Move right in to this spacious one bedroom with beamed ceilings, renovated bath, and large windowed kitchen! Open floor plan features a large living room connected to the kitchen with a 12′ long dining island with tons of cabinetry, granite countertops and three big southern facing windows. Kitchen also features new appliances, flooring & lighting fixtures. … Continue reading

First Look: Delancey Bridge Tower Condo Project Plans

Preliminary drawings for the 12-story condo building at Delancey and Pitt streets show a height of nearly 120 feet.

Preliminary drawings for the 12-story condo building at Delancey and Pitt streets show a height of nearly 120 feet.

Late last summer, we brought you the news of a new condo building planned for a large lot at the corner of Delancey and Pitt streets. A group of 53 investors pooled their resources to purchase the land … Continue reading

Sponsored Post: Grand Street Apartment of the Week

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Largest 2BR/Balcony layout in Seward Park with open downtown skyline views from your own private balcony! Exposures are southwest and northwest for excellent afternoon sun. There is a large windowed eat-in kitchen, extra-wide master bedroom, good sized second bedroom and plenty of closets. Amenities include a fully equipped in building gym, in building architect renovated playroom, … Continue reading