Tuesday, September 12, 2017

48 Clinton St. for sale as development site


[48 Clinton St.]

Yesterday I noted that 238-240 E. Third St. between Avenue B and Avenue C is available as either a development site or as its most recent use — a theater space.

This is one of two properties that founders of the Blue Man Group sold this past summer for $18.5 million.

The other site is 48 Clinton St. between Stanton and Rivington on the Lower East Side. That rather mysterious building (pictured top) is also for sale.

According to the listing at RKF:

The property can be redeveloped up to 10,000 SF for a mixed-use development as per R7A zoning.

New residential projects include the adjacent 50 Clinton and The Ludlow, which have introduced 280 high-end residential apartments, bringing many young, affluent New Yorkers to the neighborhood.

A PDF of the property — billed as a "redevelopment opportunity" — notes that the four-level space has served as a recording studio.



There isn't a price listed for No. 48.

Public records show that an LLC affiliated with Blue Man Productions bought the building in 2008 for $5 million.

2 comments:

Anonymous said...

I've wondered for years what the story was regarding this building, it is unique and to me has a Miami Moderne look to it and I love it's scale. As with anything that is odd, out of place and old it too will soon be lost to yet more condo's for the apparent limitless millionaires moving into our neighborhood.

Anonymous said...

I had a friend who helped build that studio in the late 90's - Sad to hear no more music will be made there.