Sold for nearly $4 million late last year, 70 Hester Street on the Lower East Side is currently being marketed to retail tenants by Town. With a history stretching back to the mid-1800s, when the property served as a synagogue for the First Roumanian-American Congregation, 70 Hester Street has served a variety of purposes over the years.
As reported by The New York Times, after ceasing to be a house of worship in the late 19th century, the space housed a still during Prohibition and was later a raincoat and shower curtain factory following World War II. The building’s ground-floor space has been earmarked for a high-end café, but the 2,320-square-foot second floor is still available at a rate of $14,500 per month. Well suited to a gallery or fashion showroom, the space features a wraparound mezzanine, skylights and a stained-glass window.
Tom Brady, broker at Town, and Amy Delson, publicist for the brokerage firm, spoke with The Commercial Observer last week about the property and some of its unique features.
The Party Circuit
Press Tea will be opening another location at 167 Seventh Avenue South.
The tea shop will be taking a 550-square-foot retail space in the West Village on the corner of Seventh Avenue South and Perry Street. Press Tea offers a variety of products, pastries, and teas with popular drinks including the cold cream green tea, Read More
Red Carpet Real Estate
On Thursday night, New York Giants star defensive lineman and two time Super Bowl champion Justin Tuck hosted his annual celebrity billiards tournament at the Flatiron pool lounge Slate, a charity event he holds to raise money to fight illiteracy. The event was co-sponsored by RXR Realty, whose chief executive Scott Rechler (who was ranked a lofty number four on The Commercial Observer’s Power 100 list) is one of the city’s most prolific and successful investors. The night featured a collection of celebrities, real estate executives and of course, pro athletes, including more than a few stars from the Super Bowl champion Giants.
It came as a surprise to many that the Jets beat the almost perfect Patriots in the first round of the NFL playoffs a few months ago, but the even bigger upset may be that New England’s All-Pro quarterback Tom Brady has, after more than two years of scouting, found a buyer for his stadium-sized condo Read More