Just received a tenant notice letter that 194-196 Avenue A and 503-505 East 12th Street have been sold to Avenue A Corner Owner LLC c/o Dalan Management Associates. Marolda Properties was pretty terrible to deal with these last few years, wonder if Dalan Management will be better or worse.
I have a feeling that chances of us getting priced out next year are high. Womp.
"We are a real estate owner and manager focused on improving and adding value to multifamily and commercial properties. Our portfolio includes residential properties in Manhattan, Brooklyn, Queens, the Bronx, Washington DC, and Phoenix, Arizona. We also have commercial holdings in Manhattan."
Fully occupied 6 floor apartment building with 11 residential units and 1 retail store. There is an additional courtyard unit which is not registered and currently vacant.
St. Marks Place is the cultural hub of the East Village and close to New York University and Cooper Union.
• 6, three-bedroom apartments with Fair Market Rent
• 5, two-bedroom Rent-Stabilized apartments
• 1 Retail Store and basement with Fair Market Rent
• 1 studio courtyard apartment, unregistered and vacant
Fantastic pre-dawn lineup of planets in the east over 3rd Street: Jupiter in Leo, Mars and Venus in Virgo, and last but not least the waning crescent Moon coming up just before the Sun.
"None of the Affordable Units will be used by Purchaser on a transient basis or as a hotel, motel, hospital, nursing home, sanitarium, rest home or trailer park."
Under the agreement, Blackstone can likely reduce the number of affordable units from 5,000 to almost zero between 2035 and 2040.
Jack Taylor, speaking for the Union Square Community Coalition, said that designating the park as it is today “would be a historical travesty.” “And it pains me personally, as a committed preservationist, to take a position that seemingly dismisses landmark protection for a fabled but now flawed part of New York City history,” he added.
A retail interest at the base of a newly developed eight-story, luxury condo building designed by Issac & Stern located on the east side of Avenue A between East 6th and East 7th Streets. The retail is long term leased to Blink Fitness for 15 years with two (2) five (5) year options. Blink Fitness has over 38 locations in the NYC Metro area and is an affiliate of Equinox Holdings, who’s long term debt is rated B2 by Moody’s. The retail unit will consist of 6,717 SF of ground floor space with 11’ 8” ceilings and a 5,177 SF lower level with 9’ 2” ceiling heights.
Additionally, the space will feature a glass facade and over 76’ of frontage on Avenue A. It is located just south of Tompkins Square Park and within walking distance to the F, 6, N, R and L train stops. This is a rare opportunity to acquire a long term leased, low maintenance asset in the heart of one of the fastest growing neighborhoods of Manhattan.
What does a naked, painted woman have to do with multimillion dollar condos? How does this, the image or the condo, speak for "everyone who has been bullied, talked about, made fun of, and pointed at," as Serhant's text suggests? Reminder: this is a development bringing expensive apartments to a neighborhood its developer has had a hand (an arm, really) in bringing into its current state.
The EDC is encouraging developers to pitch projects that include new office space for booming industries in the neighborhood, such as technology and creative businesses. According to the city's guidelines, the development could provide fledgling companies with the space to get started and also a location for young but established firms to transition from incubator and co-working spaces that have sprouted around the city into their own digs.
"The current site of the PC Richard store will serve as a new tech hub in Union Square, capitalizing on the academic and transit advantages offered by the neighborhood and its proximity to the Flatiron district," said Maria Torres-Springer, president of the EDC, in a statement.
His father came to New York from Italy as a boy and worked on the Brooklyn Bridge before serving in World War I. He was, said Mr. Penza, a “great provider” and a “stark-raving-mad right-winger” who hated Franklin Roosevelt and the smell of perfume.
Young Hank started working early. He and his pals in Corona, Queens, would go “junking”: loading up a horse and wagon with milk bottles and stuff to sell.
Soon he was helping out at crap games, doing what were called “mopey pinches”: Whenever the bookmakers got busted, they’d pay Hank $50 to go to court, and he’d be back on the street in hours.
At 19, he got a $200-a-week job at the “21” Club. He wore a tux, took reservations and ran errands. If a man dining with his wife needed to make contact with his mistress at the Stork Club, he’d deliver the message.
He joined a crew called the 40 Thieves and started making money by “cleaning up” bars (i.e., getting rid of undesirables). Once they spent two weeks getting rid of some ruffians from a bar by sending them to another one across the street. A month later, they paid the ruffians $3 each to return to the first bar so the 40 Thieves could get the job back.
But he said he declined offers to join the Mafia.
“Nobody can make me, man,” he said. “I’m a made man. My name is Penza-we’re made, period. We don’t need that shit. That’s all movie stuff.”
His reputation grew. Two British guys gave him $1,500 to clean up their bar on lower Fifth Avenue, which had been overrun by pimps.
In 1957, he bought a bar at 12 Bowery and renamed it Henry’s.
Still, he said, even now, New York is the only place to be. “I love it,” he said. “It’s the greatest place in the fucking world. There’s no place like this, man, and I’ve been all over the world. I love this city because they make me somebody. When I go somewhere else, they don’t treat me as well as they do. Here, they treat me with elegance. In Florida, I’m a little fucking scumbag.”
In addition to his son William, he is survived by another son, Mark; a daughter, Kim; and three grandchildren.
William and Mark Penza own Billymark’s West, a bar of the Mars Bar stripe, on Ninth Avenue at 29th Street.
