Friday, January 18, 2013

165 Avenue B has been sold, and 2 apartments are on the market



We last noticed that 165 Avenue B near East 10th Street was for sale back in June... the listing gave us pause:

This six unit apartment building has tremendous upside since the spaces can be used for residential, commercial and retail. Four of the units can be delivered vacant and the remaining two within one year. The building has a commercial overlay which allows the ground floor to be used as retail or commercial space ... 1,865 sq ft of air rights remain.

We figured another East Village penthouse was on the way... According to documents filed on Dec. 19, the building sold for $3.8 million. The buyer is the vague 165 Avenue B LLC, which has a Northbrook, Ill., mailing address. (Field Holdings LLC.)

Meanwhile, two of the apartments from No. 165 entered the market this week. There's a "true" three-bedroom unit for $4,300 and a two-bedroom unit for $3,995.

Here's the description for the larger space:

This renovated apartment features pre-war details, stainless steel appliances, a dishwasher and terrific sunlight. All bedrooms in this true three bedroom have wonderful light and good closet space. The third bedroom has flexibility if a dining and living room or office is the preferred layout. All of this in the heart of the East Village, one block from Tompkins Square Park, and surrounded by terrific restaurant and bars, but still pin drop quite in the apartment.

The Corcoran listings appear to use the same photos for both units... We're not sure if this is what the apartments actually look like now. Because they actually look like nice, comfortable apartments that haven't had every inch of character Cromanized carelessly stripped out and painted over...




However, there's no word on those "air rights" or retail space... And nothing on file with the DOB indicates any pending construction... Anyone know more about the situation here? Please let us know via the EV Grieve tip line.

Previously on EV Grieve:
165 Avenue B back on the market

3 comments:

Anonymous said...

I don't know anything about real estate really, but I had no idea that anything called "air rights" even existed. I guess it makes sense though...

Also, fun fact from the wikipedia entry on air rights:

"This legal concept is encoded in the Latin phrase Cuius est solum, eius est usque ad caelum et ad inferos ('For whoever owns the soil, it is theirs up to Heaven and down to Hell.')"

nygrump said...

Fortunes have been made through air rights.

Anonymous said...

I doubt it's near TSP but still "quite" enough to hear a pin drop. If you can't spell "quiet" then you don't know the meaning of the word, it's just a selling point for the RE broker.
TSP area is full of drunk "like yahs" and "whoohoos", definately not "quite"