American Apparel Lafayette New York

Ashkenazy Acquisition | 285 Lafayette St

Ben Ashkenazy’s Ashkenazy purchase Corporation and Ralph Tawil’s Centurion Realty jointly paid $40 million for a three-level retail condominium in the base of a nine-story apartment building in Nolita, the real thing has learned.

The 30, 000-square-foot retail component at 285 Lafayette Street — near Jersey Street and merely south of Jared Kushner’s Puck Building – hosts seven renters. The New York Public Library’s Mulberry Street branch consumes 16, 100 sqft across three floors, under a lease price expiring in 2021. Various other tenants consist of cosmetic makeup products retailer Santa Maria Novella and clothier United states Apparel, which can be considering vacate its 7, 000-square-foot area by early the following year.

Matthew Marshall of Marshall Real Estate represented both purchasers plus the seller, veteran developer Richard Hadar of Richard Hadar Funding.

Ashkenazy is planning a long-lasting hang on the retail rooms, Daniel Levy, partner at the development company, informed TRD.

A number of nationwide renters indicated fascination with American Apparel’s room even though the package was at contract, Levy stated. Ashkenazy and Centurion signed a contract in May. The deal closed these days.

Allied Partners, led by Richard Hadar’s boy Eric Hadar, converted the loft building into condominiums in 1999. The almost 118, 000-square-foot framework holds 30 apartments. Character star Saul Rubinek sold their three-bedroom home into the building within the summertime, as TRD reported.

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