Tuesday, March 10, 2020

130 E. 7th St. sells for more than $20 million



The 7-floor building on the southwest corner of Avenue A and Seventh Street has a new owner.

According to a news release, 130 E. Seventh St. (aka 109 Avenue A) sold to an undisclosed "overseas buyer" for $20.750 million.

The renovated building arrived on the market in September 2018 with an ask of $22.95 million.

As we noted back in August 2016, the building went through a luxury makeover, with residential rentals fetching up to $16,995 a month at that time. (Last August, the penthouse was rented for $20,000 per month, according to Streeteasy.)

The current retail tenants include Miss Lily's and Avenuea Pilates.

Public records show that the University of the Streets sold the building to Park Corner Development, LLC in September 2011 for $5 million.
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7 comments:

  1. GojiraMarch 10, 2020 at 10:00 AM

    Bring back 7A! Miss Lily's is lousy!

    ReplyDelete
  2. noble neolaniMarch 10, 2020 at 10:09 AM

    Hope Ms Lily's has a long lease.

    ReplyDelete
  3. AnonymousMarch 10, 2020 at 12:05 PM

    I miss 7a so much

    ReplyDelete
  4. AnonymousMarch 10, 2020 at 12:14 PM

    Foreign investor(s), phooey, won't know nor care one iota about anything other than the bottom line. I call them carpetbaggers and opportunists. They only know the American dollar as it looks in their bank account.

    ReplyDelete
  5. ShawnMarch 10, 2020 at 1:08 PM

    Miss 7A so much.

    ReplyDelete
  6. AnonymousMarch 10, 2020 at 2:08 PM

    FML this new EV is insane. 20k rent, really.

    ReplyDelete
  7. AnonymousMarch 10, 2020 at 4:40 PM

    Bring back University of the Streets!!

    ReplyDelete

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