The Reel

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A blog for breaking sales and neighborhood real estate news.

A walk-up building at 150 Henry Street, located between Jefferson and Rutgers Streets on Manhattan’s Lower East Side, was sold in an all-cash transaction.

The five-story building is approximately 5,400 square feet and sits on a 20’ x 78’ lot.  The building is opposite Strauss Square, providing the front apartments with great light and air. There are nine units; seven one-bedroom units, one studio, and one two-bedroom apartment. Additionally, the Certificate of Occupancy allows for one retail unit and one apartment on the lower level. Two of the units are rent stabilized while the remaining units are vacant.

“We were thrilled to represent this estate to maximize the proceeds for the not-for-profit recipients,” said Massey Knakal Partner James P. Nelson who exclusively handled this transaction with Massey Knakal Director of Sales Michael DeCheser. “What was once a rather quiet location now seems to be on everyone’s radar,” added DeCheser.

Click here for press release

Neighborhoods: Lower East Side/ Agents: Michael DeCheser