Tuesday, February 5, 2013
Report: Jared Kushner paid $49 million for 7 more Ben Shaoul-owned properties in the East Village
Jared Kushner's East Village shopping spree continues. Last week, the developer (and New York Observer publisher) closed on a portfolio of 17 walk-up apartment buildings in the East Village for some $130 million, as The Real Deal first reported.
This afternoon, The Real Deal is reporting that Kushner bought seven more walk-up rental buildings for $49 million from developer Ben Shaoul's Magnum Real Estate and Meadow Partners.
The addresses: 118, 120-122, 195, 199, 201 and 203 East 4th Street.
Shaoul's renovations of 118 and 120 E. 4th Street prompted the start of the blog Occupy East 4th Street.
According to The Real Deal, Shaoul paid a combined total of $25.1 million for these seven properties in 2010 and 2011.
Previously on EV Grieve:
Ben Shaoul and company put East Fourth Street buildings on the market for $25 million
4 East Fourth Street apartment buildings hit market for $32 million
Rumors: Is Ben Shaoul selling his East Village properties?