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

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


Related Articles

arrow_forward_ios
Madison Realty Capital's Brian Shatz, P.S. 64
Auction set for long-vacant East Village school as owner vows to fight
Auction set for long-vacant East Village school as owner vows to fight
From left: Wafra’s Fawaz Al-Mubaraki and The Westover Companies’ Guntram Weissenberger with 138 East 12th Street (JLL, Getty, Wafra, The Westover Companies)
Wafra sells East Village’s The Nathaniel for $57M
Wafra sells East Village’s The Nathaniel for $57M
Laurent Morali and 99 East 7th Street (left), 156 Sullivan Street (middle), and 318 East 6th Street (right) (Photo Illustration by The Real Deal with Getty, Google Maps, Compass, Apartments.com)
Kushners look to sell big piece of Manhattan apartment holdings
Kushners look to sell big piece of Manhattan apartment holdings
605 East 9th Street and Corcoran Group’s Paul Wexler and Josef Yadgarov (Loopnet, Corcoran)
Gregg Singer’s languishing PS 64 listed for sale, lease
Gregg Singer’s languishing PS 64 listed for sale, lease
1520 Fulton Street in Brooklyn and Dalan Management and SKW’s Andrew Wrublin (Google Maps, Chance Yeh)
SKW, Dalan buy Bed-Stuy building as NYC i-sales rebound
SKW, Dalan buy Bed-Stuy building as NYC i-sales rebound
SMA Equities’ Samy Mahfar with 280 East Houston Street (Samy Mahfar via Twitter, Google Maps)
Samy Mahfar, investors buy 421a site on Houston Street for $37M
Samy Mahfar, investors buy 421a site on Houston Street for $37M
JLL NY investment sales chairman Bob Knakal with 737 Park Avenue
Bob Knakal lists Park Avenue pad for $13M
Bob Knakal lists Park Avenue pad for $13M
Steve Croman, pictured in 2007, with 117 1st Avenue, 89 Clinton Street and 330 E 6th Street (Getty, Google Maps)
Steve Croman, in rare sale, cashes in on hot multifamily market
Steve Croman, in rare sale, cashes in on hot multifamily market
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...