clock menu more-arrow no yes mobile

Filed under:

'Developer's Dream' 75 Essex Returns To Market, Wants $30M

After a failed Landmarks bid by area preservationists, a beleaguered Lower East Side lowrise is back on the market again. The owner of 75 Essex Street, developer Shalom Eisner has been flip-flopping for quite some time about what to do with the now-rundown 1832-built structure, which once served as one of the city's oldest health care centers for the poor. Eisner wanted $18 million for the building back in 2010, and has since, in turns, considered and/or tried asking for more money ($21 million), redeveloping it himself, selling it to megaproject Essex Crossing's developers, or adding an addition if it were landmarked.

Immediately after the LPC put the kabosh on any landmarking hopes, The Lo-Down reports that Eisner is once again seeking a buyer, this time for $30M. PriceUpper much? The listing touts the hypothetical 19,000 square feet of buildable space that comes along with the 12,000-square-foot building. "A developer's dream," apparently.. but no one bit when the price was lower,
· Listing: 30 Essex Street [LoopNet]
· Landmarks Debate Concluded, 75 Essex St. Returns to Market For $30M [Lo-Down]
· All 75 Essex Street coverage [Curbed]