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A blog for breaking sales and neighborhood real estate news.

A commercial loft building at 112 Stanton Street, located between Essex and Ludlow Streets on Manhattan’s Lower East Side, was sold in an all cash transaction valued at $2,400,000.

This six-story loft building is approximately 10,000 square feet and sits on a 24’ x 80’ lot. There are very few loft buildings on the LES and this was the last remaining building subject to the New York Loft Board.

There is a store on the ground floor and six units above. Four of the units are floor-thru while the other two are half-floors. There are three IMD (Interim Multiple Dwelling) tenants remaining in the building and three vacant commercial spaces. The ground floor retail space is also vacant and has great 14’ ceiling heights. Additionally, the basement use is solely for the ground floor tenant.

Neighborhoods: Lower East Side/ Agents: Michael DeCheser