Photos yesterday by Stacie Joy
There's a new owner for 6 Avenue B, the 6-story building on the NW corner of Avenue B and Houston that has been empty/abandoned for years.
EVG contributor Stacie Joy spotted a notice on the front door noting the ownership change...
The LLC is linked to Penn Capital South, whose portfolio includes multiple EV properties.
According to public records, the building changed hands for a mere $1.05 million. However, the new owners also had to pay $4.2 million in real property transfer and real estate transfer taxes.
As we've pointed out (here and here), the building is in dismal shape and will need significant work to bring it up to code. (The DOB has cited No. 6 for emergency repairs several times in recent years.)
This was one of the abandoned buildings owned by the estate of the mysterious team of Arthur and Abraham Blasof, both long deceased. However, No. 6 has been generating some income with the cell-phone towers on the roof.
The liquor store in the retail space closed when the owner passed away in the fall of 2009 at age 89. (Chico created the tribute to her on the gate in February 2010.)
The sidewalk bridge has been here since 2015.
Previously on EVG:
Grogu from the Mandalorian?
Thanks Ms Joy for the update---looks like that sidewalk bridge will be up for another five years!
Good finally that building has been sitting vacant for long enough. I hope the new owner fixes it up and then rents out the apartments at affordable rates.
Probably gonna tear it down.
Yes!!! This is fantastic news. Hopefully they make quick work of actually putting usable housing here and that terrible shed is gone forever
Probably will be torn down and most likely the apartments will not be affordable.
Future home a a tower with fishtanks windows and a party roof deck.
My money's on a multi-story Smoke Shop...
Yeah I'm sure they paid $5M just to make all your utopian dreams come true.
I dunno did you look at the photos of the other properties in their portfolio?
Not so sure they'll put up a fish tank building. Looking at their portfolio listings, they have many older buildings that look to be in somewhat good shape. But, they are the folks who created that hideous black walled addition on the SideWalkers building. So there's no accounting for taste.
Even if these apartments are 100% market rent that is a net positive for the neighborhood/housing stock. These are vacant spaces currently so adding to the stock increases the overall supply which is modestly helpful. We need more housing period - both market rate and affordable.
What is the SideWalkers building?
More inventory does not necessarily leads to lower rents in NYC, unfortunately.
I’m pretty sure that this address, on this northern side of Houston, will fall under the far sighted zoning that was accomplished by some awesome neighborhood activists a good number of years ago. Hope that they can’t apply for a variance if rebuilding from the (Houston to 14th St. and Avenue D to 3rd Avenue) zoning that limits the height in our “village“ to six or seven stories tall…
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