The United Hebrew Community of New York is making a new push to sell its side-by-side buildings at 201-203 East Broadway. The Commercial Observer reported that Eastern Consolidated has the new listing for $10.5 million.
“It’s one of the cheapest development sites in the city today,” Adelaide Polsinelli of Eastern Consolidated told the Observer. “This is dirt cheap.”
United Jewish Community calls itself “the leading Jewish burial society” in New York. According to the story, the non-profit organization will deliver the buildings vacant. Presently they comprise 15,000 square feet but the brokerage says the property is zoned for more than 28,000 square feet. United Jewish Community is interested in leasing space at the location.
The Greek Revival buildings were built in 1837 and modified in 1900. The stretch of tenements along East Broadway are not landmark protected.
The property has been listed on and off for the past several years by various real estate firms.
UPDATED 9:52 a.m. Here’s a bit more from the news release Eastern Consolidated put out this morning:
Two, five-story buildings, occupied by a non-profit religious facility, currently stand at the site and will be delivered vacant. The site is zoned for 28,152 buildable square feet, subject to height and setback requirements. It maintains a maximum FAR of 6.5 with the inclusion of community facility space and provides 50 feet of frontage along East Broadway… The development site is in close proximity to the 1.9 million-square-foot Essex Crossing Development and Extell’s 1.2 million-square-foot residential development at 227 Cherry Street. It is steps away from Seward Park and conveniently located less than two blocks away from the F subway line.
Eastern Consolidated is NOT a real estate broker. They are mortgage bankers. They are known to make up listings to attract attention to their firm to generate business. I called seeking further information about the UHC buildings since they claim to have the exclusive. They did not nor will not respond. It’s a fact that the UHC members had voted to sell some time ago and they could never get the outragous amount being quoted in the articles. They also voted to seek out and rent a new location on the LES for member’s funerals. If you have any doubts call Eastern Consolidated at 646-658-7383 and ask for Carlos Olson or Adelaide Polsinelli 646-658-7327 , the guys from Eastern in the article.
It’s fun to spread rumors, isn’t it?