Showing posts with label Hudson East. Show all posts
Showing posts with label Hudson East. Show all posts

Wednesday, June 3, 2015

On 6th Street, Hudson East fetches $60 million

Hudson East, the 86-unit rental building at 223-237 E. Sixth St. between Second Avenue and Cooper Square, has changed hands for $60 million, The Real Deal reports.

Abro Management, who purchased the building erected in 1996 from the Hudson Companies, plans "a long-term hold," per the article.

Units here range from $2,950 to $6,300. (Twenty percent of the units are also set aside for lower-income residents.)

And there is a lot of East Village history at the site, which dates to the 1920s.

We'll head to this article from the Times in 1997 for more:

Over time, the building was the Loew's Commodore movie palace, a Yiddish theater and a concert hall. In 1968, Bill Graham, the rock music impresario, turned the theater into the Fillmore East, which became a mecca for music fans. Among the acts that played at the Fillmore East before it closed in 1971 were B. B. King, the Grateful Dead, Janis Joplin and the Allman Brothers.

During the 1980's, the building was refurbished as the Saint, which for eight years drew crowds of several thousand gay dancers a night. And earlier this decade, there were plans to turn the empty structure into a six-screen movie theater. But that project went into bankruptcy.

The Hudson Companies bought the property for $1.6 million in 1995.

Said Hudson principal Alan R. Bill in 1997: "We believed the East Village was turning around," resulting in a demand for more rentals.

The four-floor building that houses the Apple Bank on Second Avenue is all that remains of the former theater complex.

Previously on EV Grieve:
The Loew's Commodore Theatre

Bank branch becomes bank branch at former site of the Fillmore East