Property Types Multi-Family
In N.Y., Century-Old Metalwork Shop Gives Way to Luxury Condos
May 16, 2008
Source: New York Times

One of the last vestiges of turn-of-the-twentieth-century New York is closing its doors. John DeLorenzo and Bro., a SoHo metalwork shop that has been open 100 years, will make way for a luxury condominium development.

A developer has said it will buy the DeLorenzos' one-story building on Grand Street near Broadway. Next Thursday will be its last day in business, and the owner told the New York Times that the price the building fetched was more than the business ever made in total.

 
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