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LES Luxury Rentals Hit the Market After Tenant Buyouts

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Back in February, Silverstone Property Group announced that it had purchased 157 Suffolk Street, a six-story, 22,398-square-foot building with 33 apartments on the Lower East Side. The remaining longtime residents who didn’t take buyouts were apparently subjected to months of demolition and construction. (One plucky resident even documented the construction delights in a video.) Those tenants not miserable enough to move out now have the pleasure of watching the new neighbors arrive to “The Residences at 157 Suffolk.” The newly refurbished apartments, which recently hit the market, are priced anywhere from $2,695/month for two-bedrooms to $6,000/month for the four-bedroom home, featuring “White Lacquer Cabinetry ? and an impeccable subway tile bath with Rain Shower!” According to the listing, “you can also enjoy Spring and Summer nights on the Future SKY DECK!!” Given that the remaining residents say they are still paying $1,200 in rent, those rooftop BBQs may be a little awkward. — EV Grieve
· 157 Suffolk Street [Streeteasy]