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.