Friday, May 26, 2017

Someone was Jonesing to pay $61 million for a newish apartment building on East Houston

[Image via Cushman & Wakefield]

The Real Deal reports that Gili Haberberg, a multifamily investor who runs Arkar Inc., is paying in the $61 million neighborhood for the newish, 13-floor rental at 331 East Houston St.

Haberberg is expected to close in June on the purchase, which comes out to roughly $900 per square foot, sources said.

The building between Attorney and Ridge hit the market in May 2016. Rentals at Jones LES began in December 2015. Prices ranges here from $2,700 per month for a studio to $9,990 per month for a three-bedroom penthouse, according to Streeteasy. (Of the 78 apartments, 80 percent are market rate and the rest are affordable.)

The parcel sat empty for years, the property of reclusive real-estate baron William Gottlieb.

[Jones LES lot in July 2013]

Previously on EV Grieve:
An L-Shaped footprint ready to make its impression on East Houston Street

An abandoned car in an empty lot that will soon yield a 13-floor residential building

On East Houston, work begins on a new 13-floor residential building

What 331 E. Houston St. will look like one day

A look at 331 E. Houston St., with a rooftop deck for outdoor showers and 'Live Free or Die Hard'

16 affordable apartments now available at the incoming 331 E. Houston St.

Full reveal at 331 E. Houston St.

331 E. Houston St. now with a teaser site and name — Jones LES

If you're Jonesing for a new apartment on East Houston

If you're Jonesing to buy a new apartment building on East Houston


Anonymous said...

The lot looked so much nicer !
The building looks worn already and
more like it should be torn down and replaced.

Gojira said...

Yes, replaced by another grassy, sun - filled lot, which we need a helluva lot more than yet another boring grey box filled with self - entitled wahoos. 10 grand a month to live in that thing?!?