Friday, September 26, 2014

298 E. 2nd St. latest development site up for grabs



Looks like people will need to find a new place to find inexpensive cases of Yuengling.

Houston Street Beer Distributors on East Second Street between Avenue C and Avenue D is now on the market.

Here are details via Corcoran:

This one story warehouse at 298 East 2nd Street sits atop a 25' x 105.92' parcel at the cross roads of the bustling East Village and Lower East Side neighborhoods. It is located in an R8A zoning district with an FAR of 6.02 (approx. 15,941 SF) or up to 7.2 FAR with Inclusionary Housing designated area bonus (approx. 19,066 sq. ft.) This prime development site is across the street from Hamilton Fish Park and a branch of the New York City public library, offering unobstructed southern exposures.

A new development would enjoy sweeping views of downtown and midtown Manhattan, Williamsburg, LIC and more. With City plans in the works to completely rehabilitate the piers on the East River from Midtown to the Financial District as well as the new construction that is sweeping the neighborhood including The Essex Crossing makes this a promising opportunity. A short distance to the promenade, fields, courts and tracks of East River Park, lively restaurants and shops of both the East Village and the LES. Lot area square feet: 2,648. Potential to combine with neighboring building which is situated next to an empty city owned lot...

This is a booming area now adjacent to the luxury rentals of The Adele on East Houston and Avenue D … The Robyn on East Third Street near Avenue D … and the new retail-residential complex coming to the former Mobil station on East Houston and Avenue C.

The listing also notes the proximity to the incoming Essex Crossing on Delancey… which seems like a stretch...



In any event, the asking price for No. 298 is $8.5 million.

8 comments:

nygrump said...

Within 5 years the public housing on the other side of Ave D will be taken down. My prediction. Those views just can't be allowed to go unluxurized.

Brandon said...

nygrump it doesnt work that way, thats state property and its untouchable. Plus, they thought of adding more units to the parking lot and there was an unroar.

Els said...

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOooooooo!!!!!!!!!!!!!!!!!!

Giovanni said...

Look at that aerial photo and what do you notice about the projects on the East River vs. every other property in the area? They have grass, and trees, and open areas, while everyone else is sandwiched together in concrete boxes. They have outdoor playgrounds, public spaces and benches to sit on, everyone else has a stoop if they are lucky and if not that, the curb.

It seems that only the affordable housing built with government money seems to have any open or green spaces, including middle income developments like Stuyvesant Town, Peter Cooper, and Mitchell-Lamas like Knickerbocker Village, Waterside, East Midtown Plaza and Penn South. Everyone else gets shoved in a box with one tree outside their door, and maybe a tree in the back yard if they are lucky.

Since our last two mayors are so into creating a greener city, perhaps its time to start rezoning and requiring more green spaces and not just allowing more concrete towers everywhere which will eventually blot out the sun.

But the only green thing people are really interested in is money, and now there is a movement to build even more housing on those green spaces in the projects. I suppose all the green you see in that picture will soon be gone too.

Anonymous said...

best beer place around, at least on the LES!

I-)

blue glass said...

the theory is that if you live in this new building you will take your limo to essex street crossing, if you even want to go there.

Anonymous said...

Brandon- why do public housing projects have parking lots filled with new(ish) cars? Why? But I know- its racist to question anything about public housing. The uproar was about selling the parking lots to developers to build more luxury housing and using the money to improve the projects. They should build more affordable housing where the parking lots are. Build HOUSING on property designed for it. NOT a parking lot. Leave their green spaces alone. Parking lots are not green spaces.

Anonymous said...

Decades ago the parking lot amenities in low income public housing was not an issue large areas of tenements were claimed by imminent domain and Federal dollars built the Towers in Park super block approach to Urban renewal that was late forties and early fifties. If any enterprise today worked with a business model of the fifties it would be a dismal failure. The ugly truth is NYCHA is not sustainable in its current size housing the poor is important and desired civic goal a Manhattan apartment free ConEd plus parking place for less than 500 a month? There will be no federal dollars to subsidize this largess and the NYC middle class taxpayer has had enough period.Radical new thinking is needed.