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May 7, 2015- Crain’s reports that the skid-row of rundown buildings on West Broadway between Warren and Murray is going to be flattened and replaced with…..wait….you guessed it: a condo.
“Cape Advisors has purchased high-end TriBeCa properties for $1,000 per square foot, a price that underscores the eagerness among builders to deliver luxury housing in the city’s most exclusive neighborhoods.
The company paid $50 million for a collection of six buildings along West Broadway between Warren and Murray streets. It plans to tear them down and construct a roughly 46,000-square-foot condo building. Bob Knakal, a sales broker at Cushman & Wakefield, handled the sale.”.
This means that the strip club adjacent, New York Dolls, will likely be evicted in two-years.