East Broadway Walkup Fetches $7M

Posted on: March 21st, 2018 at 5:03 am by

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.

Recent Stories

Excavation Underway on Affordable Grand Street Guild Towers

Work is officially underway on two new towers adjacent to the Williamsburg Bridge. On-site excavation has been ongoing for several weeks at Broome and Clinton Streets, yielding plenty of dust and noise for neighbors. Earlier this year, demolition crews razed the two-story parking garage and Little Star early childhood center in the shadow of the […]

Mr. Fong’s Owner Plans All Day Cafe on Hester Street

Another day, another principal of Mr. Fong’s starting a new Lower East Side venture. Aisa Shelley – who co-founded the Chinatown hotspot with Lucas Moran, Noah Shelley, Daniel Eric Gold and Adam Moonves – is headed to 61 Hester Street. The long-inactive storefront previously occupied by L’estudio. There, Shelley will impart an “all day cafe” […]

Truck Hits ‘OhK Dog’ Dining Shed on Ludlow Street

Ludlow Street neighbors began Saturday with the sound of a large crash. It was the sound of the OhK Dog dining shed collapsing to the ground. From what we gather, a truck driver headed southbound on Ludlow struck the popular restaurant’s outdoor annex. No one was hurt in the incident. This was apparently the second […]

New 21-Story Tower Begins Ascent on Market Street

A former Lower East Side parking lot is meeting its skyscraping destiny. Another tower. The through-block parcel on Henry Street, just west of Market, is already on its upward ascent. The new mixed-use development at 59 Henry will ultimately rise 21 stories (227 feet), with 57,395 square-feet of residential floor area and 40,305 square-feet for […]

‘Caribea’ Grill Readies Space Left Vacant by Domino’s on Allen Street

Ever since Domino’s ditched its decades-old Allen Street location three years ago, the commercial space has been a vacancy consistently peddled on the market. Now, a new concept is a-knockin. Caribea is as it sounds – a fast casual pan-Caribbean grill. The restaurant at 203 Allen will seat fourteen tables and a stand-up bar, for […]