Report: Landmarked East 13th Street building sells for $21.5 million

Back in August, 126-128 E. 13th St between Third Avenue and Fourth Avenue and an adjacent property on East 12th Street arrived on the sales market.

And now, The Real Deal reports the property has a new owner: Investor Arthur Minerof's Milan Associates picked up the two buildings for $21.5 million, or $1,670 per square foot.

The dance studio Peridance has a lease through 2028 (with a 5-year option after that) while the 12th Street side houses the Alliance Brazilian Jiu-Jitsu martial arts studio.

Per The Real Deal: "Minerof ... is planning a long-term hold of the properties."

As for 126-128 E. 13th St. (as we've cut-and-pasted before), this is believed to be the last surviving horse and carriage auction mart building in New York City, according to the Greenwich Village Society for Historic Preservation (GVSHP), who helped keep the structure from becoming a seven-story condo back in 2006.

In addition, the building served as the studio of artist Frank Stella, and during World War II was an assembly-line training center for women. (Read more about the building's history at the GVSHP website here.)

In May 2012, the NYC Landmarks Preservation Commission voted unanimously to landmark the building. Several months before this vote, a State Supreme Court judge ordered the sale of the property after the condo developers lost a foreclosure suit, according to The Real Deal.

Image via Cushman & Wakefield

Historic carriage house on East 13th Street hits the market for $18 million

First, let's check out the Cushman & Wakefield listing for the building at 126-128 E. 13th St between Third Avenue and Fourth Avenue:

A NNN leased three level, Beaux-Arts style, loft building located on the south side of East 13th Street between 3rd and 4th Avenues. The space is leased to Peridance, a dance studio, until March 2028 with a 5 year option. The rent will increase to $623,673 per year in March 2016 and then have 3% annual increases thereafter. The tenant is responsible for all operating expenses and repairs for the property. The rent of only $40/RSF, is half of market value providing tremendous future upside. The lease is guaranteed by Capezio Ballet Makers Inc.

The asking price is $18 million. In addition, the same seller is offering the adjacent property to the south, 123 E. 12th St., for $8.5 million.

As for 126-128 E. 13th St., this is believed to be the last surviving horse and carriage auction mart building in New York City, according to the Greenwich Village Society for Historic Preservation (GVSHP), who helped keep the structure from becoming a seven-story condo back in 2006.

In addition, the building served as the studio of artist Frank Stella, and during World War II was an assembly-line training center for women. (Read more about the building's history at the GVSHP website here.)

In May 2012, the NYC Landmarks Preservation Commission voted unanimously to landmark the building. Several months before this vote, a State Supreme Court judge ordered the sale of the property after the condo developers lost a foreclosure suit, according to The Real Deal.

Image via Cushman & Wakefield

Landmarks Preservation Commission spares historic stable from the condo afterlife

From the EV Grieve inbox...

After a six-year campaign led by the Greenwich Village Society for Historic Preservation (GVSHP), the NYC Landmarks Preservation Commission (LPC) today voted unanimously to landmark 128 East 13th Street, between 3rd and 4th Avenues. The building is believed to be the city's last surviving horse auction mart building, served as the studio of artist Frank Stella, and during World War II was an assembly-line training center for women. The structure was designed in 1903 and by the firm of Jardine, Kent, and Jardine.

In July 2006, the GVSHP discovered there were plans to tear the place down to make way for a seven-story condo.

Previously.

Report: Historic carriage house on East 13th Street now up for auction

The long, complicated history of 128 E. 13th St. between Fourth Avenue and Third Avenue is about to get more complicated. This afternoon, The Real Deal reports that the circa-1903 carriage house that once belonged to famed sculptor Frank Stella is now up for auction.

This is believed to be the last surviving horse and carriage auction mart building in New York City, according to the Greenwich Village Society for Historic Preservation (GVSHP), who helped keep the structure from becoming a seven-level condo back in 2006.

The Peridance Center has a lease there now for a dance studio.

According to the Real Deal:

A state Supreme Court judge has ordered the sale of a historic East Village art studio and former horse auction house, after two new investors, Isaac Mishan and Joseph Sabbah of Ultimate Realty, failed to gain approvals for a proposed condo project and defaulted on $10.5 million in loans.

(Read the whole article here.)

While preservationists thwarted the previous condo takeover attempt, the building was never landmarked, likely making it vulnerable again for a modern glass-and-steel death.

Previously.

Looking at 128 E. 13th St.

Been some time since we looked at 128 E. 13th St. between Fourth Avenue and Third Avenue. The historic 1903 carriage house that belonged to Frank Stella was designated for demolition to make room for -- a seven-story condo. This is believed to be the last surviving horse and carriage auction mart building in New York City, according to the Greenwich Village Society for Historic Preservation (GVSHP).



Long story, of course! The building was saved in spring of 2007. And it will be home to the Peridance Center, who signed a long-term lease for use of the building as a dance studio.

Anyway, that was more than two years ago... While a new sign is up, there looks to be a lot of work left...




You can read more about it here on the GVSHP site.