Compass agents Adelaide Polsinelli and Susan Wires have been exclusively retained 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 that will be delivered vacant.
Polsinelli noted that this opportunity is an ideal blank canvas for any user or business looking to capitalize on the vibrant neighborhood’s solid foot traffic. Built in 1910, it was originally a private residence of James McCreery, one of the wealthiest businessmen in New York City at the time. Later on, it served as a “theatrical boarding house” for four decades before being renovated into apartments with its ground floor transformed into an Italian family restaurant first known as Lido Dell’East then Il Faro.
