Gothamist
A non-profit newsroom, powered by WNYC.
Gothamist
Listen Live
Food
Radegast, Egg & Other Williamsburg Eateries Could Be Threatened By $100 Million Real Estate Deal
By
Nell Casey
Published Sep 17, 2014
Modified Sep 17, 2014
Share
FacebookTwitterRedditEmail
Never miss a story
Email address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .
By
Nell Casey
Published Sep 17, 2014
Modified Sep 17, 2014
Share
FacebookTwitterRedditEmail
We rely on your support to make local news available to all
Make your contribution now and help Gothamist thrive in 2026. Donate today
Gothamist is funded by sponsors and member donations
A rumored real estate deal could cause trouble for some of Williamsburg's most successful eateries, meaning not even the neighborhood's bougie gentrifiers are safe from...the effects of gentrification. A possible $100 million deal to purchase several properties on North 3rd Street has been dished to the Real Deal, which reports that Waterbridge Capital could pay around $1,000 per square foot for the space at 103-119 North 3rd Street. Current tenants of said properties include beer hall Radegast, brunch dominator Egg, Mexican spot Viva Toro and hirsute chocolatiers Mast Brothers.
The deal gives Waterbridge about 110,000 total buildable square feet, including more than 50,000 square feet of residential space with 41 rental units that are ripe for repositioning, sources said. The properties generate about $4 million in annual income, a source said. [The] businesses are likely paying below-market rents, and will be repositioned over time.
For its part, Radegast doesn't see itself going anywhere, with the owner telling us he had four and a half more years on his 12-year lease plus an option for 10 more years after that. He hadn't been approached by anyone about the sale of the building, but said he "knew what he had" and would negotiate with his current landlord, Olga Sosa of Berry Enterprises Uses, LLC. We reached out to Egg and Mast Bros. and we'll update if we hear back.
These properties are just a stone's throw from 76 North 4th Street, the site of Williamsburg's rumored Shake Shack. At the time, a Radegast worker told us he heard that "Marshall's and TJ Maxx's [were] going in and subterranean parking lots," and that given the "state of Williamsburg" he wouldn't be surprised if the rumors were true. Whether these businesses will be ousted and replaced with gleaming new condos or some other monstrosity remains to be seen. At least whatever moves in will probably go well with Whole Foods.
Tagged
egg
mast brothers
radegast
williamsburg
Nell Casey
Read more
Gothamist is funded by sponsors and member donations
Gothamist is funded by sponsors and member donations
MORE food
North African restaurants are rare in NYC. These 10 are the best.
Egyptian, Moroccan, Algerian and Tunisian food is delicious but underrepresented in the city.
By
Robert Sietsema
Published Oct 10, 2026
10 dishes that demonstrate the delicious diversity of curry in New York City
The global dish is shapeshifting and ubiquitous.
By
Robert Sietsema
Food
10 dishes that demonstrate the delicious diversity of curry in New York City
The global dish is shapeshifting and ubiquitous.
By
Robert Sietsema
Frozen yogurt is back in New York City. So are the super long lines.
By
Sonia Rao
5 NYC banana puddings as good as Magnolia's
By
Hannah Frishberg
Where to eat in Greenpoint, Brooklyn right now, from Polish to Sichuan to Iberian
By
Robert Sietsema
Never miss a story
Catch up on the most important headlines with a roundup of essential NYC stories, delivered to your inbox daily.
Sign upEmail address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .