521-523 E. 12th St. sells for $10.9 million

On Friday, Eastern Consolidated reported that it "represented the seller and procured the purchaser in the sale of this 5-story, 40 unit walk-up apartment building" at 521-523 E. 12th St. The building between Avenue A and Avenue B was sold for $10.9 million.

According to public records, an entity called JMS Village LLC purchased the property from EL-LOU Holding Company. The JMS contact on the documents is Jack Avid, whose name came up in two Village Voice articles about SROs being converted to tourist-class buildings back in the late 1990s. You can find those articles here ... and here.