217 E. 3rd St. sells for $5.1 million

There’s a new owner for 217 E. Third St. between Avenue B and Avenue C.

Here’s part of a news release via Cushman & Wakefield:

An undisclosed buyer acquired the property from the estate of Michael Mendez for $5.1 million. The mixed-use property consists of a vacant turn-key restaurant space on the ground floor and three free-market, floor-through apartments. The property is approximately 4,160 square feet above grade, not including a one-story structure situated at the rear of the site and separated by a small courtyard area.

Additionally, the property includes 4,700 square feet of air rights and a useable basement that houses mechanicals and a storage area.

Public records show that an LLC with a Pleasantville, N.Y., address is the new owner. The address matches up to management company Ogrin Associates, a longtime NYC landlord.

And does anyone know what that “one-story structure situated at the rear of the site” is used for?

The last tenant in the retail space was Corlear’s NYC, a “Pre-Prohibition style bar executing vintage cocktails.” They closed some time in early 2017.

The building arrived on the market last July with a $6 million ask.

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