A sales listing for 31-33 Second Ave. arrived on LoopNet earlier this month.
There's not much info about the property here between First Street and Second Street:
Fully occupied new construction mixed use building, consisting of 20 luxury residential units and 1 commercial unit, in prime East Village.
The prince tag is a whopping $40 million.
Developer Ben Shaoul bought this property for $5.6 million in 2011. At that time, it looked like this...
The generic-looking luxury rental that later emerged on the site with three extra floors was called the Luxe East.
In 2015, he sold it for $29 million to real-estate investor Sunny Yung, The Real Deal reported.
According to Streeteasy, the average rental in the elevator building with central air is $5,300.
The Unleashed by Petco in the retail space closed last month after two-plus years in business.
Previously on EV Grieve:
Ben Shaoul planning a 3-story addition at 31-33 Second Ave.
Bracing for 3 new floors at 31-33 Second Ave.
Checking in on the work in progress at 31-33 2nd Ave., where Ben Shaoul is adding 3 new floors
Ben Shaoul's bland new 2nd Avenue building is called The East Luxe
6 comments:
It hurts the soul to see such a beautiful building, that lasted at least 100 years
turn into something so characterless.
I wish there was a law against building ugly ass buildings.
From the sublime to the horrific. Seriously, someone needs to go to jail for foisting that piece of gray sh*t on the neighborhood.
And a law against flipping them as well.
This is such a POS building. The units don't even have living rooms - they're just bedrooms clustered around kitchens. It's a friggin' DORM that couldn't even be converted into anything "luxurious" or useful without being torn down and built up again.
40 million dollars. Man, real estate is retarded.
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