Wednesday, July 20, 2016
[EVG file photo]
The long-empty lot at East 14th Street and Avenue C has new owners.
The Real Deal is reporting that Brooklyn's Rabsky Group scrapped plans for its first Manhattan project here, selling the property to Opal Holdings, a real-estate investment firm led by Shaya and Shulamit Prager, for $23 million. No word just yet what they have planned for the site.
Rabsky reportedly paid $15 million for the property in 2014. The one-level structure that was demolished here in early 2015 previously housed R&S Strauss auto parts store, which closed in April 2009.
There were approved permits for a 14-story building totaling 63,932 square feet, with 8,064 square feet for retail ... and 21,991 square feet for a community facility.
Not much has happened here since the demolition of the former Strauss store. As many commenters have pointed out in the past, this corner was about 5-6 feet under water during Sandy.
Previously on EV Grieve:
Development back in play for East 14th Street and Avenue C
More details on the sale of 644 E. 14th St.
Here comes a 15-story retail-residential complex for East 14th Street and Avenue C
Prepping the former R&S Strauss auto parts store for demolition on East 14th Street and Avenue C
City OKs 15-story mixed-use retail-residential building on 14th and C
14th and C now waiting for the Karl Fischer-designed 15-story retail-residential complex
14th and C still waiting for its Karl Fischer-designed retail-residential complex