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Wednesday, January 25, 2017
114 E. 7th St. sells for $13.8 million
There's a new landlord at 114 E. Seventh St., which has changed hands for $13.8 million. The transaction hit public records on Jan. 10.
The Real Dealreported that the Luthien Group bought the 28-unit rental building between Avenue A and First Avenue from Domek Associates. Per TRD, "half of the units at the five-story building are rent-regulated."
The Luthien Group recently sold 629 East Fifth St. for $16.2 million, as we noted last week. That building between Avenue B and Avenue C features 24 market-rate units.