According to the @TradedNY account, which first reported on the deal on Dec. 28, the buildings are 118-120 E. Fourth St., 199-203 E. Fourth St., and 315 E. 10th St.
The buyers: a limited liability company affiliated with David Gleitman's Targo Capital Partners.
According to The Real Deal, Kushner purchased the properties in 2013 for $51.6 million.
At one point, Kushner Cos. was the second-largest owner of East Village residential buildings, trailing only perennial landlord of the year candidate Steve Croman.
However, as TRD noted, "when Jared Kushner departed for the White House in 2017, the firm started moving to offload some of its New York holdings."
Previously on EV Grieve:
File photo of 118 E. Fourth St.
A real bunch of lookers at that TradedNY link
ReplyDeleteAny RC/RS tenants in these buildings receiving decent buyouts? Asking for a Kushner tenant friend
It’s always sad to see slumlord Kushner
ReplyDeletemake a profit. But the less property he
owns in our neighborhood the better.
What profit? He sold for a loss.
DeleteKushner Bought for $51M, just sold for $57M. No loss. He should have divested immediately after entering politics in 2016-7.
DeleteWhen people ask why rents are skyhigh when NYC has lost population, maybe this could be why? Soon all of NYC will be "hedged"...
ReplyDeleteWhat population did the city lose?
DeleteHow is selling at 6.4 million more than the purchase price a loss?
DeleteCroman is perennial SLUMLORD of the year, not landlord of the year.
ReplyDelete@7:49
ReplyDeleteThat was a joke...