Showing posts with label 243 E. Second St.. Show all posts
Showing posts with label 243 E. Second St.. Show all posts
Wednesday, December 13, 2017
243 and 245 E. 2nd St. asking nearly $18 million
243 and 245 E. Second St. are now on the market ... each of the walkups between Avenue B and Avenue C have 10 units. The slightly larger No. 243 is asking $10.5 million while No. 245 is $7.25 million, per the listings (here and here).
Public records show that Triost Properties bought the buildings in 2011 — $800,000 for No. 245 and $1.4 million for No. 243. (The seller was the estate of Bertha Zawin.)
The buildings went under extensive gut renovations several years ago. Average rentals now at No. 243 are roughly $4,600, per Streeteasy. Rentals at No. 245 ranged from $3,200 to $4,800.
As I understand it, a number of rent-stabilized units remain in No. 245.
Artists Peter Cramer, Carl George, Kembra Pfahler and Jack Waters, longtime residents at No. 245, shared their story in this post from 2014.
Previously on EV Grieve:
On Second Street, the 'Milky Way Dragon' disappears
Renovations, penthouse in the works for 243 E. Second St.
Continued development concerns at 243-245 E. Second St.
A look at the transformation of 243-245 E. 2nd St.
Friday, May 9, 2014
A look at the transformation of 243-245 E. 2nd St.
[243-245 E. Second St. from last month]
Last week, four longtime residents of 245 E. Second St. shared their story about how they helped rehab the building in the early 1980s …
Hoping to make one last bit of coin before allowing the building to deteriorate further, the then owner permitted the artists to move in and renovate their crumbling units in the all but abandoned building with no front door, no heat or hot water, and a constant flow of drug traffic to the notorious heroin shooting gallery that occupied the top floor. The artists united with the remaining two families in the building to form a tenant's association.
The residents also discussed the nightmarish two-year-plus gut renovation here and next door at No. 243.
Refurbished units from each building are now on the rental market. Average prices for No. 245 are $4,050. The four units here listed at Streeteasy have been rented.
Meanwhile, there are new units available at No. 243., where the average rental is $4,566.
Let's take a look at the 3-bedroom penthouse duplex that's asking $6,000.
And here's the descriptive description:
Sleek and Modern, Danish Finished White Oak Flooring juxtaposes perfectly with the pre- war exposed brick. Apartment details include custom designed open kitchen, pale gray European Cabinetry which is the subtle backdrop highlighting the Pebble Caesarstone countertop and custom backsplash tiling. Appliances are well thought out, including a GE Profile Cooktop with Convection Microwave/Oven, concealed Dishwasher and stainless fridge with ice maker.
The Italian tiled bathroom is pure luxury, with open custom glass shower, adorned with Kohler fixtures. Stainless Steel Vanity reflects more of the custom work that spares no expense.
[The former exterior of No. 245]
Previously on EV Grieve:
Continued development concerns at 243-245 E. Second St.
Labels:
243 E. Second St.,
245 E. Second St.,
Kembra Pfahler
Wednesday, April 30, 2014
Continued development concerns at 243-245 E. Second St.
[243-245 E. Second St. today]
From the EVG inbox...
For more than 30 years, the residents of 245 East 2nd Street have overcome many obstacles to rightfully occupy and inhabit their home. They are not only witnesses, but founders and contributors to a downtown art scene based on community action, political protest, and tenant’s rights.
With the recent purchase of their building, and the continuing gentrification of the surrounding neighborhood, these residents are facing increasing pressures in the neighborhood they have fought for decades to transform.
Artists Peter Cramer, Carl George, Kembra Pfahler, and Jack Waters have lived at 245 East 2nd Street since 1984. David Orama, a community youth organizer, has lived in the building since childhood where his family moved in the early '70s. In 2010, their building was sold commencing a construction nightmare that has lasted for more than two years.
The construction continues at 245 East 2nd Street and in the adjoining building to the west, 243 East 2nd Street — both buildings purchased in tandem for $1.6 million dollars by partners Jon Ostrow and David Stein of JD 245 LLC and JD 243 LLC.
For more than two years the new owners have embarked upon non-stop construction, sometimes six or seven days a week, violating court ordered stipulations as to how and when the work should be done, compromising tenant’s health and quality of life to such a degree as to cause tenants to feel like they are being harassed.
Cramer and Waters are filmmakers and a performing duo that manage Allied Productions, Inc, a non-profit arts service organization, and Le Petit Versailles, a community art space and NYC GreenThumb garden. George is an artist and curator, and the creator of "DHPG Mon Amour," a pivotal film short about AIDS. Pfahler, a painter and performance artist, heads the rock band The Voluptuous Horror Of Karen Black.
[Jack Waters by Alice O'Malley]
[Peter Cramer by Alice O'Malley]
In 1984, Cramer, George, and Waters toured for three months in Europe with their performance/dance company P.O.O.L., only to discover upon returning that in a few, short months, rents had risen to impossible heights and were still escalating. Costs were so prohibitive the only place they could afford to live was a warehoused tenement building in the LES — the epicenter of the drug trade at the peak of the global heroin epidemic.
As residents of 245 East 2nd Street, they collectively rehabilitated their individual apartments and the tenement building, which at the time they moved in was on track to be emptied by intentional negligence and violent harassment of the occupants of two of the units — both Puerto Rican families.
Hoping to make one last bit of coin before allowing the building to deteriorate further, the then owner permitted the artists to move in and renovate their crumbling units in the all but abandoned building with no front door, no heat or hot water, and a constant flow of drug traffic to the notorious heroin shooting gallery that occupied the top floor. The artists united with the remaining two families in the building to form a tenant's association.
[The former exterior of No. 245]
From that point on and for the past 30 years the residents of 245 East 2nd Street maintained the building and worked to improve living conditions on the block through sweat equity, community organizing and upholding their rights in housing court against negligent owners.
Next door to the east of 245 is Le Petit Versailles (“LPV”), the operation GreenThumb garden started by the artists in cooperation with neighborhood residents. They created LPV as a defense against the vandalism attracted by the drug dealing and auto theft for which the previously abandoned empty lot had become a fortress.
The 2nd Street artists' collaborative work was galvanized by their performing in the club circuit of the '80s typified by the Pyramid Club on Avenue A, Danceteria on 21st Street, Club Armageddon at the Jane West Hotel, and other nightspots around the city where they performed and organized art events.
[The former exterior of No. 245]
The artists knew each other from ABC No Rio, the alternative community center they ran and organized shows for on Rivington Street.
No Rio is a socially progressive cultural center founded in 1981 by the artist organization Collaborative Projects, Inc. (CoLab). CoLab is famous for The Times Square Show that brought attention to the sprawling midtown urban blight of its day. CoLab followed up with The Real Estate Show, the inaugural show at ABC No Rio which highlighted the corruption and blatant collusion of the Koch government with real estate speculators in Lower East Side and East Village neighborhoods — eerily similar to the Bloomberg administration’s 12-year mandate to facilitate and tax abate luxury real estate developers and push working class and poor New Yorkers out of Manhattan and the surrounding boroughs.
======
There is a press conference/celebration tomorrow morning at 11 at Le Petit Versailles on East Second Street near Avenue C ... the event is titled "Residents And Urban Gardeners Resist Gentrification." Find all the details about the speakers here.
Previously on EV Grieve:
On Second Street, the 'Milky Way Dragon' disappears
Renovations, penthouse in the works for 243 E. Second St.
Labels:
243 E. Second St.,
245 E. Second St.,
Kembra Pfahler
Monday, April 30, 2012
Renovations, penthouse in the works for 243 E. Second St.
Major changes are apparently in the works for 243-245 E. Second St. between Avenue B and Avenue C... We started watching the space in January 2011. Despite the lack of work permits, workers gutted and boarded up 245. In addition, workers painted over the "Milky Way Dragon" mural on the ground level.
Before!
After.
That month, the estate of Bertha Zawin sold 243 to Triost Properties for $1.4 million, according to city property records. Today, a listing for 243 appeared on Streeteasy with an asking price of $4.6 million.
The listing at Marcus & Millichap doesn't appear to be online just yet. The Streeteasy listing simply says:
Meanwhile, earlier this year, the DOB signed off on plans to renovate the building. Per the DOB:
CONVERT EXISTING STORES ON FIRST FLOOR TO RESIDENTIAL APARTMENTS, RENOVATE RESIDENTIAL APARTMENTS ON THE 2ND THRU 5TH FLOORS, ADD NEW PENTHOUSE FLOOR. OBTAIN A NEW C OF O.
The DOB also just approved plans to also "upgrade" the apartments at 245.
Have any more information about the situation here with current tenants? Please send them our way via the EV Grieve email
Previously on EV Grieve:
On Second Street, the 'Milky Way Dragon' disappear
Before!
After.
That month, the estate of Bertha Zawin sold 243 to Triost Properties for $1.4 million, according to city property records. Today, a listing for 243 appeared on Streeteasy with an asking price of $4.6 million.
The listing at Marcus & Millichap doesn't appear to be online just yet. The Streeteasy listing simply says:
Marcus & Millichap is pleased to offer 243 East 2nd Street between Avenue B and Avenue C. The property sits on a 25 foot by 66 foot lot and is built 25 feet by 54 feet deep. The property has an approximate gross square footage on 7,060 and is zoned R8A.
Meanwhile, earlier this year, the DOB signed off on plans to renovate the building. Per the DOB:
CONVERT EXISTING STORES ON FIRST FLOOR TO RESIDENTIAL APARTMENTS, RENOVATE RESIDENTIAL APARTMENTS ON THE 2ND THRU 5TH FLOORS, ADD NEW PENTHOUSE FLOOR. OBTAIN A NEW C OF O.
The DOB also just approved plans to also "upgrade" the apartments at 245.
Have any more information about the situation here with current tenants? Please send them our way via the EV Grieve email
Previously on EV Grieve:
On Second Street, the 'Milky Way Dragon' disappear
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