LES owner asks $3M more for conversion site

New York /
Nov.November 11, 2013 01:12 PM

The former Eastern Dispensary building, which houses the clothing retailer Eisner Brothers, is up for sale again and a bit pricier, asking $21 million.

The detached 12,464-square-foot prewar building at 75 Essex Street, between Broome and Grand streets, last hit the market in 2010 when the asking price was $18 million, as listed by Bond New York broker Lisa Bornstein. Bond has the listing again, but the broker is now Janine Young.

The property has a parking lot and 31,776 square feet of air rights. But its fate could be as a residential property, since it is being marketed as a potential condominium conversion.

In 2010, Eisner Brothers owner Shalom Eisner said the contract for whoever ends up taking the property off his hands will require the new owner to leave the exterior “as is,” as previously reported. He said he envisioned the property as a “single-family home for a famous person … someone like Madonna.” [Bowery Boogie]Mark Maurer


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