Thursday, May 9, 2024

Family sells 8 East Village buildings for $38 million after decades of ownership

Eight East Village pre-war apartment buildings owned by the same family since the 1960s have sold for $38 million, per a press release and published reports. 

The Eis family reportedly owned the portfolio, which totals 82,245 square feet and includes 99 apartments and nine retail units. Three separate buyers picked up a handful of the properties. 

Per the press release and the Commercial Observer, the buildings are: 

• 105-109 First Ave. between Sixth Street and Seventh Street (pictured above — Mister Paradise, Huertas and Sammy's Halal*) ... sold for $13 million to Lawrence Movtady. 

• 110 East First St. at Houston (across from Katz's) ... sold for $7 million to Alfred Sabetfard of the Sabet Group.  

• 58 and 60-62 Second Ave. between Third Street and Fourth Street ... sold for $11.8 million to Alfred Sabetfard of the Sabet Group. 

• 425 E. Sixth St. between Avenue A and First Avenue ... sold for $3 million to Son Dinh Tran. 

• 543 E. Sixth St. between Avenue A and Avenue B... sold for $3.2 million to Tran.

* Sammy's Halal seems to be a permanent shutter now at 109 First Ave.
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3 comments:

  1. noble neolaniMay 9, 2024 at 8:24 AM

    With Mayor Adam's developer "junta" and its propaganda "city of yes" on the horizon, our city's future has never look more bleak.

    ReplyDelete
  2. SarahMay 9, 2024 at 7:18 PM

    Good luck to the tenants.

    ReplyDelete
  3. UnknownMay 10, 2024 at 12:13 PM

    I was a longtime (2.5 decades) resident of one of these buildings. We were not given the option to renew our leases, and the one bedrooms have been converted into a combination of BS "luxury" and dormitory-style dwellings with almost triple the rent: essentially places where no one will live for more than a year or two. Devastating for the neighborhood. I left NYC after calling it home for nearly 36 years.

    ReplyDelete

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