Adelaide Polsinelli and Susan Wires from Compass 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,” comprises four free-market apartments and retail space. The entire retail space, including the basement, will be delivered vacant. 

 “This opportunity is a blank canvas for a user or business, hoping to capitalize on the vibrant neighborhood and solid foot traffic,” said Polsinelli. 

Built in 1910, the property was originally a private residence of James McCreery, one of the wealthiest businessmen in the city. Later on, it served as a “theatrical boarding house” for four decades and housed renowned artists such as actors, writers, opera singers, and vaudeville acrobats. In 1932, the property underwent renovation and was turned into apartments. The ground floor was transformed into a well-known Italian family restaurant, first known as Lido Dell’ East and then as Il Faro.