The Real Deal New York

Posts Tagged ‘candle building’

  • 75 Essex Street on the market for $18M

    February 09, 2010 12:30PM

    The Lower East Side building that has housed the Eisner Brothers Store for the past 30 years is on the market for $18 million. The building at 75 Essex Street, listed by Lisa Bornstein of Bond New York, is being marketed as a potential condo conversion, “akin to Nolita’s Candle Building,” or for use as an office building, hotel, or museum. It will be delivered vacant with 19,300 square feet of air rights. Still, Eisner has some ideas of his own. In an interview with Bowery Boogie, he said the contract for whoever ends up taking the property off his hands will require the new owner to leave the exterior “as is.” He envisions the property as a “single-family home for a famous person… someone like Madonna.” Eisner also noted that it has the “potential for a swimming pool in the rear yard.” [Bowery Boogie]

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  • The buyer for Nolita’s Candle Building at 11 Spring Street, which went into contract earlier this month, has been revealed, along with its bargain basement closing price. The building — which include three luxury condominium units that can be converted into one residence — went for a jaw-dropping $19.5 million, marking a 50 percent drop from the property’s peak asking price of $39.8 million. The building had been purchased by Lachlan Murdoch, the oldest son of media mogul Rupert Murdoch, just three years ago for $12 million, before undergoing a massive renovation that divvied up the space into three units.

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