Lower East Side condo replacing Streit’s matzo factory is on the rise

The 90-year-old Streit’s matzo factory has completely disappeared, and the condo replacing it is now on the rise on the Lower East Side. The building has now reached the third story, YIMBY reports, and will eventually stand seven-stories tall.

The matzo factory was removed brick by brick from its corner location at Rivington and Suffolk Sreets to prepare for the rise of the new condo. The project is collaboration between Cogswell Lee Development and architecture firm Gluck+. The development came about after Cogswell purchased the factory building site in early 2015 for $31 million.

The condo at 150 Rivington Street will feature a total of 45 condos that will come in one, two, and three-bedroom variants. Sales on the condos launched in the summer of 2016, with apartments asking from $995,000. A large number of apartments here are already in contract, and of the ones still available, prices range from just a little over $1 million and go up to $2.75 million, according to StreetEasy.

Curbed had a chance to tour the sales office for the development, also in the summer of 2016, and the space gives you a sense of what the interiors of the condo will look like when the project is complete.

Cogswell Lee Development

• Construction Update, New Renderings For 150 Rivington Street, Lower East Side, Manhattan [YIMBY]
• Streit’s matzo factory condos embody the Lower East Side’s next iteration [Curbed]
• Streit’s Matzo Factory-Replacing Condos Launch Sales From $995,000 [Curbed]