Red Brick Properties, of which David Slaven is a principal, has bought two adjacent five-story, mixed-use, cast-iron buildings at 65-67 Greene Street in SoHo.
Recently, it acquired another linked pair of buildings at 72-76 Greene Street, a few doors up and across the cobblestone street from 65-67.
The buildings at 72-76 Greene Street were once known as the "King of Greene Street" and they were originally a warehouse for the Gardner Colby Company, whose founder endowed the college that is named after him in his hometown of Waterville, Maine.
The buildings at 72-76 Greene Street, which are painted a pale yellow, are handsomer and larger than those at 65-67, which are painted gray.
Barry Farhi, vice president of Itzhaki Properties represented David Slaven of Red Brick Properties in his $11.3 million acquisition of 65-67 Greene Street from Sam Landau, who was represented by Erez Itzhaki, the president of Itzhaki Properties. "My client is bullish on Soho, so this purchase made absolute sense for them. Plus, 65 and 67 Greene Street are excellent condominium conversion candidates," Mr. Farhi said.
According to Deborah Guttoff of Eastern Consolidated, who represented Mr. Slaven in his $23 million acquisition of 72-76 Greene Street from Extell Development Corporation he intends to convert those properties to residential condominiums with first floor retail uses.
The buildings are 65-67 Greene Street have fire escapes and 3-step-up entrances.
Recently, it acquired another linked pair of buildings at 72-76 Greene Street, a few doors up and across the cobblestone street from 65-67.
The buildings at 72-76 Greene Street were once known as the "King of Greene Street" and they were originally a warehouse for the Gardner Colby Company, whose founder endowed the college that is named after him in his hometown of Waterville, Maine.
The buildings at 72-76 Greene Street, which are painted a pale yellow, are handsomer and larger than those at 65-67, which are painted gray.
Barry Farhi, vice president of Itzhaki Properties represented David Slaven of Red Brick Properties in his $11.3 million acquisition of 65-67 Greene Street from Sam Landau, who was represented by Erez Itzhaki, the president of Itzhaki Properties. "My client is bullish on Soho, so this purchase made absolute sense for them. Plus, 65 and 67 Greene Street are excellent condominium conversion candidates," Mr. Farhi said.
According to Deborah Guttoff of Eastern Consolidated, who represented Mr. Slaven in his $23 million acquisition of 72-76 Greene Street from Extell Development Corporation he intends to convert those properties to residential condominiums with first floor retail uses.
The buildings are 65-67 Greene Street have fire escapes and 3-step-up entrances.
Architecture Critic
Carter Horsley
Since 1997, Carter B. Horsley has been the editorial director of CityRealty. He began his journalistic career at The New York Times in 1961 where he spent 26 years as a reporter specializing in real estate & architectural news. In 1987, he became the architecture critic and real estate editor of The New York Post.
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