[EVG photo from early 2014]
A prime corner of the East Village is in contract for roughly $50 million.
According to The Real Deal, real-estate investor Arthur Shapolsky intends to buy three properties at the corner of Third Avenue and St. Marks Place: 23 Third Ave., 27 Third Ave. and 3 St. Mark's Place. Basically everything from McDonald's to the corner.
The sellers are members of the Gabay family, whose patriarch opened a discount fashion outlet at the corner property in 1990. Both parties confirmed the agreement, though Shapolsky declined to comment on his plans for the site, which could accommodate a 41,500-square-foot commercial building or a residential one of roughly half the size.
The Real Deal cites the proximity of this corner to Edward Minskoff's 51 Astor Place aka The IBM Watson Building aka the Death Star directly across Third Avenue.
The eastern corners of St Mark's Place and Third Avenue promise to look a whole lot different.
Late last year, the Pappas family, owners of the St. Marks Hotel, filed plans to build a 10-story mixed-use building on the hotel's lot at 2 St. Mark’s Place and Third Avenue.
[2 St. Mark's Place rendering via NY Yimby]