On Friday afternoon, The Real Deal first reported that developer (and New York Observer publisher) Jared Kushner closed on a portfolio of 17 walk-up apartment buildings in the East Village for some $130 million.
There were slightly different accounts of the addresses in the article in The Real Deal and the Post.
The Real Deal:
201 East 2nd Street, 23 Avenue A, 129 First Avenue, 143 First Avenue, 338-340 East 11th Street, 165-167 Avenue A, 500 East 11th Street, 504 East 12th Street, 191-193 Avenue A, 435 East 12th Street, 516 East 13th Street, 211 Avenue A and 49 and 1/2 First Avenue.
165-167 Ave. A, 129 1st Ave., 143 1st Ave., 191-193 Ave. A, 201 East 2nd, 211 Ave. A, 23 Ave. A, 338-340 E. 11th St., 435 E. 12th St., 500 E. 11th St., 504-508 E. 12th St. and 516-518 E. 13th St.
Can any residents of 49 1/2 confirm that their building was part of the sale?
In any event, Kushner's affiliate, Westminster Management, has taken over the, uh, management of the buildings.
Per the Westminster website:
Westminster Management, a division of Kushner Companies, is a diversified real estate organization headquartered in New York City with regional offices in New Jersey, Maryland and Ohio. Our company is responsible for the ownership, management, development and redevelopment of countless properties. Our national reach consists of more than 15,000 multifamily apartments and we plan to continue to make acquisitions as the market presents opportunities.
One resident sent along this note that was slipped under his or her door on Friday...
And said another building resident:
The first communication from them is promising. PVE wouldn't even give out an address, so now we have a landlord with a name, address and an Internet portal, which is 3 more things than we had before.
Ben Shaoul's Magnum Real Estate (Westbrook Partners, Meadow Partners, PVE Associates and Fortune East LLC, et al) reportedly previously managed the the properties.
One possibly interesting development: The deal included 500 E. 11th Street, site of the incoming 7-Eleven... the one that apparently no one wants... and whose opposition has received global news coverage...
Have other tips or photos about the situation here? Please send them our way via the EV Grieve email