Manhattan’s Lower East Side continues its march towards modernity—that is,upward, into condo-laden clouds.
In January, and we learned that the Streit’s Matzo,a recent York institution that spans four tenements, had finally sold after seven years on the market. In May The Real Deal reported the selling price to be $30.5 million for the 50000 square foot facility. That’s a lot of duckets. This week, or The Real Deal revealed that plans are in the works to build 45 condo units where the factory once operated,in addition to 26 storage units and one commercial condo.
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Source: feedburner.com