The site of what was once a Soho townhouse belonging to the Beastie Boys’ Adam Horovitz has hit the market asking $38 million. The site, located at 182-186 Spring Street, is asking roughly twice the $15.6 million amount it was purchased for in 2011 and 2012.
Builder Stephane Boivin had pieced the property together — paying $10.1 million for 182 Spring and $5.5 for 186 Spring – with the intention of developing a mixed-use condominium. However, Boivin has faced legal troubles since demolishing the Horovitz property. In May, he was slapped with a $5.6 million foreclosure suit by an investment firm, which claims that he razed the property without permission.
Super broker Dolly Lenz, Brett Forman and Adam Vanderbrook, all former Elliman brokers now with Dolly Lenz Real Estate, are the listing agents. [BuzzBuzzHome] – Christopher Cameron