Sales Commence at 150 Rivington as Demolition Begins at the site's Streit's Matzo Factory

Glass-clad condos to be introduced to LES

Thursday, Aug 4, 2016 By CityRealty Staff, CityRealty contributor

The Streit’s Matzo Factory, a family-owned business which had been providing the Lower East Side ’s Jewish community with Passover bread for 90 years, was bought out last year for $30.5 million and their long-time home will soon be transformed into luxury condos. The 50,000 square-foot brick building at 148-154 Rivington Street will be demolished to its first floor and be re-imagined into a mixed-use glass condominium with 45 units. Cogswell Lee Development is the developer and Gluck+ is serving as the architect.

Presently, the ex-matzo factory still stands

After the five upper floors are removed, the remaining ground floor (about 13,000 square feet) will be redesigned as retail space. The phase 1 alteration plans were filed and approved late last year. Meanwhile, sales for the condos began this past June. One-bedrooms start from $1.030 million, two-bedrooms start from $1.74 million, and three-bedrooms start from $2.75 million.

The residences at 150 Rivington Street will be designed by Gluck+ Architects and will include one, two, and three-bedroom units. Four duplex penthouses will occupy the top floors, followed by a landscaped roof terrace. Residences feature custom oak flooring, Italian-made Rimadesio translucent sliding doors, and floor-to-ceiling windows providing natural light and dynamic city views.

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The sliding glass doors can function as the wall of a bedroom or home office or be pulled open to extend the living room

Kitchen featuring waterfall-style island

Master bathroom

Kitchens boast custom Italian cabinetry, Caesarstone countertops, and high-end appliances. Bathrooms feature marble walls and tiles, Brooklyn’s Watermark fixtures, and Gluck+ designed ash wood vanities.

The building’s amenities package includes a 24-hour attended lobby adorned with Streit’s memorabilia, smart home technology, rooftop yoga sun deck, fitness center, bike storage, and individual resident storage for purchase.

Front entrance

Lobby

Roof terrace features kitchen and fireplace

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Sales Commence at 150 Rivington as Demolition Begins at the site's Streit's Matzo Factory

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Price Cuts: "Big" screenwriter's Cobble Hill townhouse trimmed by $900K; Lantern House junior penthouse drops below $10M

Landmarks praises residential conversion/restoration of NoMad's Baudouine Building, Seeks revisions to rooftop addition

Paul Newman's parkside office sells 47% over ask; Pre-war condo conversions lead Manhattan sales

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Manhattan sales include Emmy-winning producer's CPW co-op; Closings begin at The Willow