Hubb NYC, formerly Trevi Retail, buys Gotham Court for $29M

Music venue Cake Shop occupies ground floor of five-story walk-ups

TRD New York /
Jun.June 22, 2015 12:00 PM

Hubb NYC, a retail real estate investment firm formerly known as Trevi Retail, picked up a Lower East Side rental complex for $29.1 million.

The sellers — a joint venture that includes principals from the Great Neck-based Jonis Realty as well as Four Winds Real Estate — bought the two-building property two years ago for $19.1 million, according to the Wall Street Journal.

Gotham Court, located at 152 Ludlow Street and 149-151 Essex Street and consistent of a townhouse with two duplex apartments and a seven-story rental building, hit the market last year for $35 million, as The Real Deal reported. Tijuana Picnic, a Mexican fusion restaurant, moved into the former location of the Laugh Lounge. Independent music venue the Cake Shop is also located in the building.

David Schneiderman and Joshua Landau founded Four Winds in 2012. Gotham Court was their first multifamily, fee-interest acquisition. [WSJ] — Claire Moses


Related Articles

arrow_forward_ios
Ian Schraeger’s Public Hotel at 215 Chrystie Street (Getty, Google Maps, Dolly Lenz)

Penthouse at Ian Schrager’s Public Hotel asks double 2017 sale price

Penthouse at Ian Schrager’s Public Hotel asks double 2017 sale price
265 East Houston (Google Maps)

Tech entrepreneur’s dismembered body found in LES condo

Tech entrepreneur’s dismembered body found in LES condo
60 Norfolk Street and 1607 Surf Avenue (Credit: Google Maps)

The top 10 biggest real estate projects coming to NYC

The top 10 biggest real estate projects coming to NYC
Clockwise from the bottom: Judge Arthur Engoron, JDS Development’s Michael Stern, L&M’s Ron Moelis, Josh Siegel of Starrett with a rendering of Two Bridges (Credit: Twitter and Curbed NY)

Judge deals another blow to Two Bridges towers

Judge deals another blow to Two Bridges towers
One Manhattan Square’s adult treehouse (Credit: Extell)

Check out Gary Barnett’s “Adult treehouse” at One Manhattan Square

Check out Gary Barnett’s “Adult treehouse” at One Manhattan Square
Essex Crossing

Inside the brand new Essex Crossing complex

Inside the brand new Essex Crossing complex
261 Broome Street (Credit: iStock and Google Maps)

Tenant’s lawsuit: “Roaches swarmed my bagel!”

Tenant’s lawsuit: “Roaches swarmed my bagel!”
A rendering of 165 Broome Street (Credit: Handel Architects)

Nonprofit plans affordable housing development near Essex Crossing

Nonprofit plans affordable housing development near Essex Crossing
arrow_forward_ios

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

Loading...