The Real Deal New York

Jody Kriss to build condos atop East Village synagogue

East River paid $1.2M for a 99-year lease on the space upstairs
January 22, 2015 02:55PM

Jody Kriss’ East River Partners plans to build three luxury condominium units on top of the Adas Yisroel Anshe Synagogue, which will receive a gut renovation as part of the project.

The 104-year-old synagogue at 415 East 6th Street in the East Village will continue to operate on the ground floor. East River paid $1.2 million for a 99-year lease on the space upstairs at the 22-foot-wide building, as previously reported.

The developer intends to pay an annual fee for the next 200 years of the synagogue’s maintenance. Construction of the condo component will include an 11-foot penthouse addition to the property. The units are expected to hit the market in the fall.

“Some people are purists and they wanted to keep the building exactly as it was,” Robert Rand of the synagogue’s board told the New York Daily News. “But that would have been tantamount to benign neglect. This was the key to survival.”

Kriss was hit with a lawsuit last year for allegedly adopting “mob tactics” to retrieve his cut of money from a development deal, as previously reported. [NYDN]Mark Maurer