Compass has exclusively retained Adelaide Polsinelli and Susan Wires to market a mixed-use building in Manhattan’s East Village for sale. Located at 325 East 14th Street, the property was formerly known as the “Crocodile Lounge” and comprises four free-market apartments and retail space. The entire retail space, including the basement, will be delivered vacant.
Polsinelli commented that this opportunity is an ideal blank canvas for a user or business looking to capitalize on its vibrant neighborhood with solid foot traffic. Built in 1910 by James McCreery – one of New York City’s wealthiest businessmen – it served as a “theatrical boarding house” housing renowned artists such as actors, writers, opera singers and vaudeville acrobats over four decades before undergoing renovation into apartments in 1932 with its ground floor transformed into Lido Dell’East then Il Faro restaurant.
