Monday, December 5, 2016
[Part of the East 5th Street buildings owned by Raphael Toledano]
As we first reported in September, Raphael Toledano's Brookhill Properties was selling more than a third of its East Village properties.
Now comes word via The Real Deal that Toledano is expanding the scope of the sale to 13 East Village buildings. (He acquired the 13 buildings through two separate deals with the Tabak family last year, paying $140 million to acquire 28 buildings in total.)
According to The Real Deal, these are the buildings for sale:
• 514 E. 12th St.
• 510 E. 12th St.
• 251 E. 10th St.
• 253 E. 10th St.
• 332 E. Ninth St.
• 334 E. Ninth St.
• 27 St. Mark’s Place
• 66 E. Seventh St.
• 223 E. Fifth St.
• 229 E. Fifth St.
• 231 E. Fifth St.
• 233 E. Fifth St.
• 235 E. Fifth St.
Records show that Toledano paid a combined $76 million for the 13 buildings he’s shopping. Now, the price tag for these 13 buildings, which feature 206 apartments and 12 retail spaces, is $160 million, a number sources told The Real Deal was ambitious.
The Brookhill Properties website shows that the company owns 21 buildings in the East Village. However, that number is starting to decrease.
In September, he reportedly sold 221 E. 10th St. and 58 St. Mark’s Place. There was also a listing for 444 E. 13th St. (That address is no longer on the Cushman & Wakefield website.)
In an interview published by The Real Deal back in June, Toledano said that he will keep his core East Village assets "for eternity."
As previously reported, Toledano, 26, has been accused of a variety of predatory practices. In addition, 20 of his buildings were tested for toxic levels of dust. In May, Toledano agreed to pay more than $1 million to settle a lawsuit that alleged that he harassed rent-regulated residents at 444 E. 13th St. He also apparently ruined Thanksgiving for a few East 12th Street residents.