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3 Essex Street, Former Schames Paint Store, is Sold

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3-5 Essex Street.

It’s been a couple of years since we’ve seen any activity at 3 Essex Street, the former home of M.Schames & Son, the longtime ower East Side paint store.  The business relocated to 90 Delancey Street, after the demolition of a neighboring building (5 Essex Street) destabilized Schames’ northerly wall.  Now both buildings have been sold.

According to records filed with the city’s finance department, “3-5 Essex Partners LLC” purchased both properties. Schames sold 3 Essex for $2.5 million.  A separate owner, “49 Essex Street Property LLC” sold 5 Essex (an empty lot) for $3.5 million.

In the last few weeks, new fencing went up in front of 5 Essex.  We’ll have more on the future of this site in the next couple of weeks.

 

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6 COMMENTS

  1.  Really? That’s interesting. Shaoul’s nickname is Sledgehammer. The reason Schames had to move to Delancey is that whoever did the demolition next door de-stabilized the foundation of the building Schames was in, 3 Essex Street.

    If it is Shaoul, it’s not surprising that his crew did that. The crew demolishing the building next door to 3 Essex almost caused 3 Essex to collapse.

    A very neat way to obtain a property. But that’s what gangsters do, never mind that they wear suits and live in swank West-side lofts.

    A recent article in the NYT indicates that, apparently, his feelings are hurt because people seem to dislike him.

  2.  have you noticed the remnants of a stairway on the side of what used to be the loew’s canal movie theater behind #5 essex street empty lot?

  3. Just noticed that there is a stop-work order in effect. That almost guarantees The Sledgehammer is in on “the work” going on there.

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