Catching up on this news release (PDF) via Massey Knakal from last week ... "11 prime multifamily walkup apartment buildings located on the Upper East Side and the East and West Village, with an additional 40-unit property located in downtown Brooklyn, was sold in an all-cash transaction valued at $73,000,000."
The two units here are 438-440 E. 13th St. ...
... and 104 E. Seventh St. at Avenue C (a building that workers have been cleaning up in recent months...)
The Real Deal had more details on the transaction... Stone Street Properties, headed by Jeffrey Kaye and Robert Morgenstern, reportedly bought the properties from "longtime Manhattan landlord Robert Koppelman."
Per The Real Deal: "Stone Street manages its properties in-house, aiming to add value by reconfiguring and renovating apartments." Massey Knakal's news release noted that "roughly 72 percent of the units are rent regulated with average monthly rents considerably below market."
Have any tips about the situation here in these two East Village buildings? Please send them our way via the EV Grieve email