Streit’s Factory Fetches $30 Million
Image by Flickr/Matthew X. Kiernan
By Liza Schoenfein May 12, 2015
The oldest family-owned matzo company in the United States, Streit’s Matzo, is in contract to sell its Lower East Side factory buildings for a reported $30.5 million. According to New York real estate blog , a deed was filed with the city May 11 confirming the sale of the 90-year-old buildings to Cogswell Realty, a midtown-based real estate firm.
The company announced in January that it would be closing its doors after Passover. In a post on Bowery Boogie at the time, filmmaker Michael Levine, who made the documentary Streit’s: Matzo and the American Dream, wrote: “Since 1925, the Streit’s Matzo factory has stood at 148-154 Rivington Street on New York’s Lower East Side. Here, in four, low-slung brick tenement buildings, five generations of the Streit family, and as many generations of factory workers, devoted their lives to the art of mixing flour and water, and sending these two simple ingredients through a seventy-three foot long oven to create sheets of matzo, the unleavened bread central to the Jewish holiday of Passover.”
Streit’s matzo produces 40 percent of the matzo sold in the U.S. The company has said that it plans to relocate its factory, perhaps to New Jersey.
Liza Schoenfein is the food editor of the Forward.
I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning journalism this Passover.
In this age of misinformation, our work is needed like never before. We report on the news that matters most to American Jews, driven by truth, not ideology.
At a time when newsrooms are closing or cutting back, the Forward has removed its paywall. That means for the first time in our 126-year history, Forward journalism is free to everyone, everywhere. With an ongoing war, rising antisemitism, and a flood of disinformation that may affect the upcoming election, we believe that free and open access to Jewish journalism is imperative.
Readers like you make it all possible. Right now, we’re in the middle of our Passover Pledge Drive and we still need 300 people to step up and make a gift to sustain our trustworthy, independent journalism.
Make a gift of any size and become a Forward member today. You’ll support our mission to tell the American Jewish story fully and fairly.
— Rachel Fishman Feddersen, Publisher and CEO
Join our mission to tell the Jewish story fully and fairly.
Only 300 more gifts needed by April 30
