The Real Deal New York

Cogswell applies to demolish part of Streit’s Matzos Factory

Developer plans to create 10,000 sf in retail space at the Lower East Side site

October 23, 2015 09:11AM

Arther Stern Matzo

Streit’s Matzos Factory at 150 Rivington Street on the Lower East Side (inset: Cogswell’s Arthur Stern)

Cogswell Realty is looking to tear down the upper floors of the former Streit’s Matzos Factory on the Lower East Side, to remake the building into a retail space.

The developer filed a demolition permit with the city for the 150 Rivington Street site. It calls for removing the second through six floors of the building, one of four structures that made up the factory. Matzo production at the facility ended when the Streit family shut the factory down in 2014, after 90 years.

Midtown East-based Cogswell bought the whole facility from the family in April for $30.5 million. The developer hasn’t applied for permits related to the other buildings, DNAinfo reported.

All together, the buildings span 50,000 square feet. They were listed multiple times over the last seven years. [DNAinfo]Ariel Stulberg