[Image via Douglas Ellian Commercial]
The building between East Seventh Street and East Eighth Street arrived on the market last week.
Per the listing (PDF!):
Douglas Elliman Commercial, as exclusive agent for ownership, is pleased to offer this mixed use building for sale located ... The property’s frontage is on the avenue and benefits from abundant foot traffic between 7th and 8th Street.
The building features steel beam structural support, concrete floors, upgraded electric, new roof, 20 feet of frontage, and 1,300 SF of air rights for additional development. Unique East Village opportunity for owner- occupied building with prime restaurant potential.
This 3-story building is configured with a restaurant on the 1st and 2nd floors, an office on the 3rd floor, and a functional basement. The property is in a great location for restaurants, retail, and is in close proximity to Tompkins Square Park.
• Owner-user residential and restaurant
• High quality, turnkey restaurant buildout
• Mixed-use opportunity with development rights
• Potential for north facing, lot-line windows
The price: $4.95 million. So you get some possible air rights in this deal. And "abundant foot traffic."
The operators of the two most recent restaurants to try this address might disagree with the foot traffic comment. Le Jardin Bistro, the low-key French bistro, closed here in the late spring. And Apartment 13 before this.
Anyway, now that No. 115 is being shown to potential suitors, guess this is why workers recently cleaned up the unused, weed-strewn lot adjacent to the building… Part of Eastville Gardens (RIP El Jardin de la Esperanza) now…