East Village Mystery Lot Purchased

East Village Mystery Lot

East Village Mystery Lot

On East 13th Street, between 2nd and 3rd Avenues, there sits a vacant lot that Village residents and bloggers like EV Grieve have dubbed “the mystery lot.” Since it became vacant in the 1980s, the East Village mystery lot has remained vacant, strange, and morbid; the body of a murdered woman was discovered there in 2004. Since the gruesome discovery, the lot was used mostly as a garbage dump, though its sidewalks were always cleared of snow and its grass was periodically trimmed.

Now, it appears that the East Village mystery lot will neither be a mystery nor a lot for much longer. The Real Deal reports that Chelsea developer Charles Blaichman of CM Developers has purchased the East Village mystery lot for a reported sum of $33.2 million dollars. The lot was purchased along with two other vacant properties along East 14th Street.

Blaichman’s purchase marks his first foray into development in the East Village. His most recent high-profile projects were associated with hotelier and investor Andre Balazs: the first, at 500 West 21st Street, was sold to Sherwood Properties, and an attempted development at 345 West 14th Street with Balazs and rapper Jay-Z never came to fruition.

As of right now, Blaichman and CM Developers have not revealed any potential plans for the site. And so, the East Village mystery lot becomes home to another mystery for a little while longer.

West Village Market Data

The West Village has hit the new year running with a number of properties having sold in January and a number of new sale and rental listings hitting the market.  We thought we would provide some market data that local residents or those thinking about moving to our neighborhood would find useful.

West Village Market Data

We also thought it might be useful to take a look at listing activity and contracts signed over the past 90 days.  To do so, we have pulled some proprietary data, courtesy of UrbanDigs, focusing on the Village/Tribeca/SoHo sub-market.  As you can see, the number of active listings has crept up about 15% to just shy of 525 this month.  That increase is in line with historical seasonal trends caused by the temporary delisting of property in December.  The number of listings going into contract correlates nicely with the active listing trend, signifying a healthy market.  We can expect to see increases in each, especially after February, as we move into the spring before they decrease again during the summer months.

Village-Tribeca-SoHo Sub-market Data - Courtesy of Urban Digs

Below you will find a recent sale and recent rental transaction that recently occurred in the West Village.

1 Morton Square – 1,971sf, 2 bedroom, 2.5 bath, 828sf of private outdoor space, 24 hour doorman and concierge, on-site garage, gym, and children’s playroom, condo

$18,500 per month


695 Washington Street, 1,470sf, 2 bedroom, 2 bath, private garage, common garden, co-op (in contract)



 

$1,995,000

 



 

If you are interested in selling, purchasing, or leasing property in the Village, or anothe


Manhattan or Brooklyn neighborhood please feel free to reach out to our team for a free consultation by calling (212) 400-4838, or by e-mailing yourkeytothecity@AkerlyRE.com.