East Broadway Walkup Fetches $7M
The East Broadway corridor adjacent to Essex Crossing is heating up.
Case in point: the five-story tenement at 215 East Broadway, near Clinton Street, just traded hands for the princely price of $7 million. According to the city’s public transactions database, the buyer of record is apparently a resident of the adjacent building, named Ms. Wang.
The seller, Penn South Capital, had scooped up the walkup property in October 2015 for $5.39 million. The real estate investment firm spent the ensuing few years renovating the premises, yet the ground floors largely remained vacant. Those spaces are still empty and on the market.