The two-story Lower East Side nightclub venue that formerly housed the short-lived Mystique Ultra Lounge and Bobby’s is on the market. Brokerage Ariel Property Advisors is marketing the retail property as a development site with more than 21,000 buildable square feet.
Sources told The Real Deal the site is expected to sell for as much as $15 million. A developer could construct a building as tall as 125 feet — or 10 extra stories on top of the existing two floors. [more]