Shaoul files plans for 83-unit resi building on Lower East Side

Developer entered into contract in August on three properties on corner of Orchard and Houston

TRD New York /
Nov.November 14, 2014 01:40 PM

Developer Ben Shaoul’s Mangum Real Estate is planning to build a 10-story, 83-unit residential building on the Lower East Side.

An LLC tied to Magnum filed an application with the Department of Buildings today to construct a 10-story,113,246-square-foot residential building at 196 Orchard Street.

Shaoul entered into contract to buy three properties on the corner of Orchard and Houston Streets in August from a Brooklyn family of restarateurs, according to a memo filed in property records. That contract is set to close by January 30.

This summer it was reported Shaoul had also bought the air rights from Katz’s Deli on the opposite corner of Houston.

Magnum, which is also looking to sell the apartment building known as Bloom 62 for $73 million, could not be immediately reached for comment.

The building at 196 Orchard will have 83 apartments with 13,500 square feet of retail on the ground floor. Ismael Leyva is the architect of record on the project.


Related Articles

arrow_forward_ios
Ryan Serhant (Credit: Ryan Serhant via YouTube)

Ryan Serhant’s $50K cash offer to buyers’ agents ruffles feathers

Ryan Serhant’s $50K cash offer to buyers’ agents ruffles feathers
Magnum Real Estate Group's Ben Shaoul (Credit: Getty Images and iStock)

Ben Shaoul uses Bitcoin to sell retail condo for $15M

Ben Shaoul uses Bitcoin to sell retail condo for $15M
Magnum Real Estate's Ben Shaoul and 385 First Avenue (Credit: Getty Images and StreetEasy)

Investor linked to detained Chinese oil tycoon snaps up 10 condos at Ben Shaoul’s Gramercy Park tower

Investor linked to detained Chinese oil tycoon snaps up 10 condos at Ben Shaoul’s Gramercy Park tower
Ben Shaoul and Liberty Toye at 62 Avenue B in Brooklyn (Credit: Getty Images and Liberty Toye)

Ben Shaoul sells Liberty Toye building to Bronx investor for $85M

Ben Shaoul sells Liberty Toye building to Bronx investor for $85M
Ben Shaoul in contract to sell incomplete Liberty Toye for roughly $85M: sources

Ben Shaoul in contract to sell incomplete Liberty Toye for roughly $85M: sources

Ben Shaoul in contract to sell incomplete Liberty Toye for roughly $85M: sources
The PH at Ben Shaoul’s 100 Barclay didn’t list for $105M as rumored

The PH at Ben Shaoul’s 100 Barclay didn’t list for $105M as rumored

The PH at Ben Shaoul’s 100 Barclay didn’t list for $105M as rumored
Take 3: Ben Shaoul launches sales at rebranded LES condo

Take 3: Ben Shaoul launches sales at rebranded LES condo

Take 3: Ben Shaoul launches sales at rebranded LES condo
WATCH: Ben Shaoul embraces Bitcoin

WATCH: Ben Shaoul embraces Bitcoin

WATCH: Ben Shaoul embraces Bitcoin
arrow_forward_ios

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

Loading...