In 2018, the former Yankee (and Mariner and Ranger) teamed up with real-estate veteran Barbara Corcoran to buy 133 Avenue D, a 20-unit building between Ninth Street and 10th Street.
Now, that building is back on the sales market with an $8-million ask.
As the Post first reported at the time, the pair bought the property from disgraced former President Trump attorney Michael Cohen and partner Eric Nelson for $8.3 million.
No word on how much, if any, work went into the building during A-Rod and Corcoran's ownership... or why it is being offered at a slight loss.
In March 2021, the building made headlines when a longtime resident returned home from a months-long COVID-related hospitalization to find that 133's management cleaned out his apartment and changed the locks.
As for A-Rod, 133 Avenue D was his first foray into New York City real estate. However, his Monument Capital Management company reportedly owns about 15,000 apartments in 13 states.
He also co-own a building on East 51st, between 1st and 2nd, where they tried and failed to evict an old lady, and take over her rent stabilized apartment of many decades.
ReplyDeleteHe's a jerk, glad to soon have his presence gone.
ReplyDeleteMy theory about overpaid athletes like A-Rod is that their contracts are essentially part of a money laundering scheme by billionaire team owners to funnel revenue from major sports teams into real estate and other business investments. These overpaid athletes agree in advance to fund projects which the owners have a stake in in order to increase their value and returns. There is no way an idiot like A-Rod knows anything about real estate investing. Even his “offices’ are located in a condo in Coconut Grove.
ReplyDelete“A-Rod wants to be like Babe Ruth. And people don’t realize this, he’s a lot like Babe Ruth. Before the playoffs a couple of years ago, A-Rod went to the hospital and promised a dying kid he’d ground out to second for him.”
ReplyDelete— Artie Lange