NEIGHBORHOODS | LES/EAST VILLAGE Housing costs
Funding
Running down the numbers
Big checks from big names
Average November sales prices Studio 1 bed 2 bed 3 bed > 3 beds
T
he Tenement Museum will expand inside its second building at 103 Orchard Street by renovating three additional floors — two for offices and one for exhibit space. But everything comes with a price, and in this case it’s $8 million. Who’s behind the funding? Some big names in real estate: Taconic Investment Partners, L+M Development Partners and BFC Partners. They’re also the trio behind the redevelopment of the Seward Park area.
Average November rents
N/A $850,711 $880,625 N/A N/A
Studio 1 bed 2 beds 3 beds > 3 beds
$2,169 $2,568 $3,959 $4,519 $9,186
Source: StreetEasy
Fast facts
Old establishments, young people and divine delicacies 1888
When Katz’s Delicatessen opened, on Ludlow Street (not its current Houston Street address) and under a different name: Iceland Brothers. In 1903, Willy Katz joined the biz, and the name changed to Iceland & Katz. In 1910, Katz and his brother Benny bought out the Iceland brothers to form Katz’s
$50
Price of a nine-ounce chocolate Buddha that comes dusted with 24-karat gold. Available at Bond Street Chocolate, 63 East 4th Street
Business
Jill Anderson bids adieu
T
he Jill Anderson boutique shut its doors after 18 years this past November. High rent, combined with difficulties keeping up with demand, were the reasons. “There just isn’t any protection out there for small businesses,” Anderson, whose store was on East 9th Street between First and Second avenues, told DNAinfo. Anderson designed the dress for writer/director Debra Granik when her film “Winter’s Bone” was nominated for an Academy Award. Nabe news
40
Median age of the Lower East Side’s 85,418 residents
Market forces
Pricey digs
What $10,000 per month rents you on the Lower East Side PRICE $11,500 ADDRESS 331 East 8th Street, #5 TYPE/SIZE Three beds, two baths; 2,057 square feet PERKS This penthouse triplex has its own private rooftop space
T
he tower coming to the former Pathmark site at 277 Cherry Street could reach 70 stories in height, according to Vincent Papa, president of local community group Two Bridges Neighborhood Council. While the new building will also include a supermarket, it’s likely to be an upscale one, noted Papa. He and other local leaders are urging the developer to bring a more affordable grocery store to the project.
Sources: Katz’s Delicatessen, Bond Street Chocolate, Zillow
Celebrity watch
The wolf of the East Village
PRICE $9,500 ADDRESS 105 Norfolk Street TYPE/SIZE Three beds, three baths; 2,186 square feet COOL FEATURES The home has three exposures and 10-foot ceilings
Source: StreetEasy
Actor LEONARDO DICAPRIO has closed on an apartment inside the Delos Building at 66 EAST 11TH STREET. It’s not clear which of the building’s five apartments he bought, but prices span from $14.5 million for a three-bedroom to $50 million for the penthouse.
January/February 2014 | Luxury Listings NYC
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