114 Stanton Street Hits the Market for $6.75M

Posted on: March 28th, 2014 at 6:09 am by
This image has been archived or removed.

The mid-block tenement at 114 Stanton Street was recently listed on the open market. Massey Knakal is hawking the white-faced property for a cool $6.75 million.

The six-story building carries five residential units, and the Lindsay Thornburg boutique in the commercial space (previously Foley + Corinna). Real estate literature reveals that the store itself is on a month-to-month rental situation.

There are no air rights available for this property since it’s already “overbuilt” (meaning, bigger than the zoning for that parcel allows).

The subject property is a 5 story mixed-use building on the north side of Stanton Street, between Ludlow and Essex Streets. The building consists of 5 residential units and 1 retail unit on the ground floor. In addition, there is floor used as storage space. The ground floor has 12 foot ceiling heights and a renovated/usable basement with 7′ ceiling heights. All utilities are submetered including heat, hot water, gas, and electricity. The property is ideal for an end user interested in occupying a portion of the building.

Recent Stories

Demolition Begins at Fire-Stricken Dim Sum Palace Building in Chinatown

Demolition started this week at 6 Chatham Square, which, until this month, housed neighborhood favorite Dim Sum Palace. Early morning May 1, a fire in the kitchen spread throughout the building, triggering a five-alarm response from the fire department. All told, five firefighters were injured battling the inferno over several hours. And according to Red […]

Eldridge Street Development Sells for $19.24M

A major real estate deal to report on Eldridge Street. It took three years, but the eight-story mixed-use building at 165 Eldridge traded last week for $19.25 million. Just under the initial 2019 asking price of $21 million. Buyer of record is Meng Lee and Karim Elsayyad of FREO Management. The transaction is not yet […]

The ‘Barrier Reefs’ Coming to Clinton Street Bike Lane

The Department of Transportation has chosen a winner to decorate the traffic barrier protecting the Clinton Street bike line. The city agency awarded artist Alison Cynamon as part of the ongoing Barrier Beautification mural project. The concrete slab runs from Delancey Street to South Street; an 840-foot stretch with roughly 1,980 square-feet of canvas to […]

Redlining the LES: How Discriminatory Lending Policies Solidified Pre-Existing Inequalities

The following was written by Anna Sargeantson. All photos courtesy of Anna Sargeantson, except where otherwise noted. Home to dimly lit restaurants and bars frequented by NYU students and young professionals, the Lower East Side remains in many ways the epitome of New York City’s youthful heart. Under the surface, though, the neighborhood has historically […]

Ed Higgins Gets ‘Mail Art’ Retrospective at Van Der Plas Gallery on Orchard Street

Fresh off featuring his art in Ludlow Coffee Supply, the Van Der Plas Gallery of Orchard Street is now dedicating a full artist retrospective to the late Ed Higgins. Higgins, known as a pillar of the “Rivington School” movement in the 1980s Lower East Side, and for his unique “Mail Art,” died last December at […]