Yet Another East Village Lot Is Slated For Luxury Condos

EAST VILLAGE, NY — A long-vacant East Village parcel is slated for a 10-story luxury condo development.

Developer Station Companies purchased the 14 Second Avenue lot, which is beside the First Street Green Art Park, for $7 million with plans to build high-end housing, according to a managing partner with the real estate firm, who said the vibrant neighborhood was an obvious draw.

“We look for investment opportunities in prime New York City locations and this property at 14 Second Avenue fit our firm’s business model perfectly,” said Vislocky, whose company specializes in developing luxury residences in Manhattan and Brooklyn.

“The site is located in a thriving neighborhood across from Whole Foods and the subway and is surrounded by quality restaurants, hotels and night life.”

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Tucked between Houston and First Streets, the lot includes more than 15,000 square feet of buildable space as of right. The sale was part of a bankruptcy proceeding, according to Avison Young, the broker behind the sale.

The East Village lot was once home to a four-story building that housed a shop loaded with architectural treasures called Irreplaceable Artifacts, but the building partially collapsed and was subsequently torn down when a construction crew violated a Department of Buildings stop work order on the lot and trigged a collapse, The New York Times reported at the time.

City officials ordered the building be razed — including several treasures within such as Tiffany windows valued at $50,000 each and a walnut ceiling from William Randolph Hearst's collection, the Times reported.

Station Companies has yet to file plans for the parcel with the Department of Buildings, property records show.

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