The Real Deal New York

East Village / Lower East Side neighborhood news

  • 227 Cherry Street

    227 Cherry Street

    The long-shuttered Pathmark grocery store on the Lower East Side will soon be torn down, now that demolition permits have been approved by the city. [more]

  • 59036_stuytown.jpg

    A rent reduction application filed by more than 1,500 Stuyvesant Town-Peter Cooper Village residents impacted by Superstorm Sandy is finally bearing fruit.

    The group of residents filed for a rent break in February 2013, pointing to alleged delays in bringing services such as elevators, laundry, intercoms and storage facilities back online for several months following the storm. [more]

  • 15328029PaulsBoutique

    From left: The Beastie Boys, the corner of Ludlow and Rivington streets via “Paul’s Boutique” and how it appears today

    Community Board 3 denied the plan to name a Lower East Side street corner after the rap group the Beastie Boys and banned any similar proposals through 2019. [more]

  • 5 cheapest Manhattan sales of the week

    January 27, 2014 01:15PM
    The apartment at 345 East 81st Street

    The apartment at 345 East 81st Street

    An Inwood co-op that sold for $216,000 was the cheapest single-family deal last week in Manhattan. The apartment was in a 50-unit building at 25 Indian Road, but no broker information was available on StreetEasy. [more]

  • From left: Allen Street Hotel construction photo (credit: Curbed) and a rendering of the project

    From left: Allen Street Hotel construction photo (credit: Curbed) and a rendering of the project

    A foreclosure lawsuit against DAB Group, the former developer behind a stalled hotel project on the Lower East Side, took a nasty turn when the firm’s owner allegedly threatened to physically harm his legal adversaries. [more]

  • From left: Erez Itzhaki, 170-172 East 2nd Street and Jared Kushner

    From left: Erez Itzhaki, 170-172 East 2nd Street and Jared Kushner

    Continuing his power play in the East Village, real estate scion Jared Kushner has paid $17.3 million for two walk-up buildings in the neighborhood, The Real Deal has learned. [more]

  • astor-place-newsstand

    Jerry Delakas and Astor Place newsstand

    If an ousted newsstand operator starts paying off $10,000 in fines, he can go back to the Astor Place kiosk in the East Village that he occupied for 24 years, the city has decided.

    The city evicted Jerry Delakas in 2011 over allegations that he was illegally operating the newsstand, located near Lafayette Street, because it was licensed to another person. He made a deal Friday with the city’s Department of Consumer Affairs to pay $1,000 for a new lease in addition to a $9,000 fine. [more]

  • $94M Pier 42 revamp moves forward

    January 09, 2014 12:35PM
    A rendering of Pier 42 (Credit: Mathews Nielsen Landscape Architects)

    A rendering of Pier 42 (Credit: Mathews Nielsen Landscape Architects)

    UPDATED, 5:12 p.m., December 14: A subcommittee of the Lower East Side’s Community Board 3 has given the green light to a $94 million overhaul of Pier 42. The project, which stretches across eight acres between Montgomery and Jackson streets, is awaiting final approvals from the Public Design Commission of the City of New York and the full board of Community Board 3 before kicking off. [more]

  • 52-60 Clinton Street

    52-60 Clinton Street (Credit: Bowery Boogie)

    Several retail stores on a stretch of the Lower East Side’s Clinton Street are being shuttered to make way for residential development. The latest store located on the one-story row of retail at 52-60 Clinton Street is Community 54, a streetwear brand that opened at the location in 2011 and has played host to hip-hop stars such as Soulja Boy and A$AP Rocky. [more]

  • From left: Mary-Kate Olsen, Olivier Sarkozy and 123 East 10th Street

    From left: Mary-Kate Olsen, Olivier Sarkozy and 123 East 10th Street

    Olivier Sarkozy, half-brother of the ex-French president and main squeeze of fashionista Mary-Kate Olsen, has sold his 19th-century East Village rowhouse at 123 East 10th Street for $6.4 million. The five-bedroom, four-bathroom house was built in 1854 and designed by famed 19th-century architect James Renwick. Sarkozy listed the pad in July for just shy of $7 million with Douglas Elliman’s Jared Seligman and Town Residential’s Steven Gold. [more]

  • Alan Cumming and 404 East 9th Street

    Alan Cumming and 404 East 9th Street

    Tony Award-winning thespian Alan Cumming has paid $4.65 million for an East Village townhouse. Cumming, who recently starred in a critically lauded production of “Macbeth” and appears on the CBS show “The Good Wife,” will move into the home, located at 404 East 9th Street, with his husband of six years. [more]

  • 605 East 9th Street

    P.S. 64 at 605 East 9th Street

    The East Village’s Community Board 3 has officially requested mayor-elect Bill de Blasio to return P.S. 64, a landmarked former school that developer Gregg Singer is looking to convert into a college dormitory, to the community.

    For several years, Singer, who bought the 152,000-square-foot building at 605 East 9th Street in 1998, had been looking to convert it into a dorm. Earlier this year, Singer struck a deal to house students from Cooper Union and the West Village’s Joffrey Ballet School at the property. [more]

  • 48-allen

    Michael DeCheser and 48 Allen Street

    Lower East Side-based nonprofit community center Chinese Christian Herald Crusades is looking to sell its building at 48 Allen Street for $15 million.

    The 15,000-square-foot, six-story commercial site — also known as 49 Orchard Street — features a reading room, library, offices and a dining room. The upper floors hold guest rooms for as many as 50 visitors. Perhaps most enticingly to developers, the property also boasts 1,400 square feet of unused air rights. Massey Knakal Realty Services brokers Michael DeCheser, Darragh Clarke and Mei Ling Wong are handling the sale. [more]

  • Jordan Vogel and 55 Third Avenue

    Jordan Vogel and 55 Third Avenue

    Aaron Feldman and Jordan Vogel’s Benchmark Real Estate Group has paid $57 million for a mixed-use apartment and retail building in the East Village.

    The property is located at 55 Third Avenue between 10th and 11th streets and has 55 rental units and 10,500 square feet of retail space. Current commercial tenants at the building include American eatery the Smith and Asian deli M2M. [more]

  • From left: Gary Barnett and 227 Cherry Street

    From left: Gary Barnett and 227 Cherry Street

    Extell Development’s forthcoming development on the Lower East Side site of the former Pathmark grocery store will involve a massive tower, according to a neighborhood official. [more]

  • 169-bowery

    169 Bowery and the former Collective Hardware store

    Amid ongoing legal troubles, landlord Gordon Lau is moving forward with plans to convert and enlarge a five-story tenement building at 169 Bowery, between Delancey and Broome streets, in the Lower East Side.

    The city Department of Buildings issued permits on Tuesday for the project, which would add 6,000 square feet for roughly $500,000. A “horizontal and vertical extension” would create two more floors to allow for 10 units. The apartment space would be expanded to nearly 15,000 square feet; there will also be 2,585 square feet in commercial space at the site. [more]

  • From left: Jackie Urgo and 211 East 13th Street

    From left: Jackie Urgo and 211 East 13th Street

    The East Village’s Jefferson condominiums are 100 percent in contract. [more]

  • From left: 51 Astor Place and Edward Minskoff

    From left: 51 Astor Place and Edward Minskoff

    St. John’s University has inked a deal for 71,000 square feet at Edward Minskoff’s 51 Astor Place. [more]

  • From left: 29 3rd Avenue, St. Mark's Bookshop and Cooper Union at 30 Cooper Square

    From left: 29 Third Avenue, St. Mark’s Bookshop and Cooper Union at 30 Cooper Square

    UPDATED: Friday Dec. 20, 11:30 a.m.: A listing appeared on PropertyShark for the building that houses St. Mark’s Bookshop in the East Village, owned by Cooper Union, EV Grieve reported. Robert Frischman of EVO Real Estate Group, has since told TRD that the building is not for sale. How or why the listing appeared on Property Shark is unclear. [more]

  • From left: Andrew Heiberger, a $2,300 studio at 175 Ludlow Street and a $6,500 three-bedroom at 118 East 18th Street

    From left: Andrew Heiberger, a $2,300/month studio at 175 Ludlow Street and a $6,500/month three-bedroom home at 118 East 18th Street

    Manhattan’s most affordable rental neighborhoods below 96th Street are the Lower East Side, the East Village and the Upper East Side, according to TOWN Residential’s December rental report. [more]

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