East Village home of H. Brickman & Sons asks $14M

TRD New York /
Feb.February 28, 2014 08:40 AM

The two-building East Village site that has long housed the H. Brickman & Sons hardware store is now on the market for $14 million.

The five-story properties at 53-55 First Avenue, between East 3rd and East 4th streets, contain a total of roughly 18,000 square foot, including one commercial unit and 22 apartments. Twelve of the apartments are rent-stabilized, while nine are fair market. One is rent-controlled. Massey Knakal Realty Services’ team of Robert Knakal, James Nelson, Jonathan Hageman, Matthew Nickerson and Patrick Yannotta has the listing.

Although the buildings are for sale, H. Brickman & Sons will continue to occupy its 3,840 square feet on the ground floor, EV Grieve reported. The current landlord requires a lease-back of the retail space, at a rate of $20,000 per month for an initial term of 20 years and 2 percent yearly increases. [EV Grieve]Mark Maurer

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