Photos yesterday by Stacie Joy
The first steps in the gut renovation of 6 Avenue B are underway. Workers have started the asbestos abatement here on the NW corner of Avenue B and Houston ...
Contractors here confirmed they will renovate the building — not tearing it down, as a few readers suspected.
Last Friday, we had the scoop about the new owner of the long empty/abandoned building.
Stay tuned for more news about the building next week...
The owner is an LLC linked to Penn Capital South, whose portfolio includes multiple EV properties.
According to public records, the building changed hands for just $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.