According to a release announcing the sale today, the new owners are GRJ, a fund co-founded and co-managed by brothers Graham and Gregory Jones. (Pictured.) They closed the 78-unit, three-building package for $23.5 million. Abe Haruvi of Abart Holdings LLC was the previous owner. According to the Observer, Haruvi refinanced the buildings for $9.9 million in April 2011 — "a deal that valued the units at $213,889 apiece according to data from Real Capital Analytics."
Per Gregory Jones in the news release: "We see a real opportunity to reposition the buildings. We'll invest significant capital and we look forward to creating the most desirable walk-ups in the East Village."
A press rep for GRJ told the Observer that "he wasn't sure when the last lease in the buildings would expire, but guessed 'probably within a year.'"
Previously on EV Grieve:
Reader report: Three apartment buildings sold on East Third Street
Advocate for East Third Street buildings moving to Washington Heights
More about the lease renewals at 50, 54 and 58 E. Third St.
Tenants at 50, 54 and 58 E. Third St. banding to together in face of building sale
I can't wait until all of the idiots who pay the jacked up prices for these apartments get to hear the wonderful shitstorm of noise from the crappy church next door. Hope you like the blaring techno-mex music until 2am and a half hour of bells.
ReplyDeleteEnjoy your building, douchebags.
"They closed the 78-unit, three-building package for $23.5 million. Abe Haruvi of Abart Holdings LLC was the previous owner. According to the Observer, Haruvi refinanced the buildings for $9.9 million in April 2011 — "a deal that valued the units at $213,889 apiece according to data from Real Capital Analytics."
ReplyDeleteThat is either some fucked up math or some really sloppy reporting from The Observer.
Funny how bana evil looks. Hannah Arendt was right.
ReplyDelete@5:02 PM Anon.
ReplyDeleteOnce they move in they will immediately start complaining about those church bells etc. and try to have them stopped- they move somewhere and then complain about things that have been there for years.
the most desirable walk ups?
ReplyDeletethat's something to look forward to.
nyu?
My heart boils over with hatred. There is a special place in hell for these 2, Haruvi, and others of their ilk.
ReplyDeleteI wonder how they plan to keep the fellas from the Bowery Men's Shelter off of the stoop... They will certainly sully the desirability of such luxury in the East Village.
Although they might want to start by cleaning the vomit off of the wall on the second floor just at the top of the stairs (that has been there for over 2 years).
Pink shirt alert!!!!!
ReplyDeleteA walkup needs an elevator to make it edgy, Gregory.
@ 6:48 PM Anon:
ReplyDeleteThe Sunday evening church bells have not been going on that long, they are definitely not a part of the history of the EV and are a nuisance. Most of us living in the area were around long before that asshole priest started the evening masses. Even the rich people won't be able to get that 'church' to be a good neighbor. I look forward to the conflicts.