Eastern Dispensary owner yanks property off market

Shalom Eisner rethinks possible landmarking of 75 Essex

New York /
Mar.March 07, 2014 02:35 PM

The former Eastern Dispensary building at 75 Essex Street on the Lower East Side, most recently up for grabs with an ask of $21 million, has been pulled from the market as the owner mulls developing the property himself.

Owner Shalom Eisner, who has long opposed attempts to landmark the building, told the landmarks subcommittee of Community Board 3 Thursday night that he would withdraw his opposition to landmarking the spot if certain conditions are met.

The property sits adjacent to the Essex Crossing development project, which is scheduled to break ground in the spring of 2015. And while there were discussions several months ago about the developer possibly purchasing 75 Essex, a team spokesperson told the Lo Down the idea has since been dropped as they “did not see a way forward with the parameters the owner was seeking.”

The building comes with more than 17,000 square feet of air rights, but transferring them may not be feasiable because the neighboring Essex Crossing project must stick to strict restrictions, according to the Lo-Down. Eisner told the community board gathering that he is in talks with several potential partners to construct a building on top of 75 Essex. [Lo-Down]Julie Strickland


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
FSA Capital’s Benjamin Clyburn and 133-09 37th Avenue in Flushing (Google Maps, Breaking Ground, Getty)
Brian Pun’s FSA Capital plans 173K sf project in Flushing
Brian Pun’s FSA Capital plans 173K sf project in Flushing
30 Front Street & 294 Park Place (Streeteasy, Getty)
Brooklyn luxury market can’t shake slump
Brooklyn luxury market can’t shake slump
Brookfield Properties’ Brian Kingston with Two Manhattan West (Brookfield Properties, Getty)
Hedge fund finds 283K sf at Two Manhattan West
Hedge fund finds 283K sf at Two Manhattan West
State senator Michael Gianaris with 21-12 30th Road (NY Senate, Marner Architecture, Getty)
Astoria redevelopment gets intergalactic
Astoria redevelopment gets intergalactic
Savills' Nick Farmakis with 655 and 767 Third Avenue (Loopnet, Getty, Savills)
Third Avenue: The land of “leave-behind”
Third Avenue: The land of “leave-behind”
arrow_forward_ios

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

Loading...