The Hotel East Houston over at Eldridge Street is for sale, according to an item in citybiz Real Estate. Price tag: $21 million.
Per one of the real-estate types marketing the place:
"The building's rooftop area and basement level could easily accommodate a restaurant, bar, lounge or a combination of all three, and preliminary architectural designs for such space have been completed."
As BoweryBoogie notes, "Despite the umpteen hotels currently in the development pipeline for the Lower East Side (Orchard Street in particular), it’s still not completely the greatest economic climate for pricey inns."
But we'll keep building — and selling — them anyway...