133 Avenue D, co-owned by A-Rod, is on the sales market

A-Rod's time as an East Village landlord is coming to an end.

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.

Donations for Ryo, who returned home after a months-long hospitalization to find an empty apartment with new locks

Sierra Zamarripa, the owner of Lovewild Design, 136 Avenue C between Eighth Street and Ninth Street, is collecting donations for a longtime resident who came home after being hospitalized with COVID-19 only to find new locks on the door to a now-empty apartment.

Here's more via Sierra:

I am reaching out in hopes of finding support for our neighbor Ryo.

A few months ago Ryo was taken away by ambulance ... some weeks after that a crew was in the hallway cleaning out his apartment and we thought he had died. In fact, a friend of his set up a memorial to him in front of his building at 133 Avenue D asking if anyone knew what had happened to him. 

Yesterday Ryo returned home after hospitalization and months of COVID rehabilitation. He arrived to the building to find his locks changed and his apartment emptied out except for his piano and tortoise, who was left alone for months.

Ryo had worked throughout the pandemic as a restaurant worker. He has no shoes, no toothbrush, no documents or ID, no passport, no fridge or stove. 

He needs assistance to get his life back and move forward. 

If you are able to contribute non-monetary donations, we'll be collecting donations at  Lovewild Design. We’re open 12-6 p.m. Wednesday to Sunday. 

He's medium build, wears men's 9.5/10 shoes wide, 38 waist and cannot take in perishable food yet until building management installs a fridge.

Here's a spreadsheet on what has been donated.

There's also a GoFundMe now at this link.

Ryo lives at 133 Avenue D between Ninth Street and 10th Street in a building said to partially owned by former Yankee Alex Rodriguez. Ryo did stay in the apartment last night thanks to a donated mattress. It's unclear at the moment if he will be able to stay there moving forward. 

Updated 8:30 p.m.

Page Six has more on the story, including that Barbara Corcoran is also an owner of the building.

A rep for Corcoran defended their actions, saying they "made every effort to locate the Resident including calling local hospitals and contacting Adult Protective Services."

"After APS was alerted to the situation, an APS caseworker was assigned to the Resident," the rep, Mitchell Kossoff, said. "Despite the effort of the APS caseworker and this office, the Resident could not be located and the apartment was cleaned by a company that specialized in bio clean-up services on Feb. 17, 2021. in conformity with all governing regulations."

Gothamist has a report here.

A-Rod owns part of this building on Avenue D

[133 Avenue D via Streeteasy]

In early June, the Post reported that former Yankee Alex Rodriguez teamed up with real-estate veteran Barbara Corcoran to buy "a 21-unit rental tower" in the East Village. However, the two declined to divulge the address.

In a follow-up piece, the Post discloses that the property is 133 Avenue D, a building between Ninth Street and 10th Street.

That address made headlines last August when Michael Cohen, President Trump’s former personal attorney and fixer, sold his stake in the building. According to The Real Deal, Cohen — now serving a three-year sentence at Otisville Correctional Facility in upstate New York — sold four stakes to Vintage Group, his joint venture partner in the ownership of 133 Avenue D, for $4 million.

As for A-Rod, 133 Avenue D is his first foray into New York City real estate. However, his Monument Capital Management company owns about 15,000 apartments in 13 states. He plans on buying up more NYC properties. Per the Post:

A-Rod Corp. has teamed up with real estate investor and operator Ofer Yardeni of Stonehenge NYC and brokerage guru Adam Modlin of the Modlin Group in what they say is an exclusive as-yet-to-be-named venture to root out and purchase all sizes of apartment buildings and bulk condominium units in the Big Apple.

Previously on EV Grieve:
Report: Michael Cohen sells stake in Avenue D building

Report: Michael Cohen sells stake in Avenue D building

[133 Avenue D via Streeteasy]

Michael Cohen, President Trump’s former personal attorney and fixer who pleaded guilty to eight criminal counts in federal court on Tuesday, has reportedly sold stakes in two buildings, including one on Avenue D.

According to The Real Deal, Cohen sold four stakes to Vintage Group, his joint venture partner in the ownership of 133 Avenue D, for $4 million.

Back in April, Bloomberg reported that 133 Avenue D, which is between Ninth Street and 10th Street, had at least $5 million of equity not tapped by a mortgage.

Cohen and Vintage Group bought No. 133 — which has 20 apartments as well as two retail spaces — for $10.5 million in 2015. Per TRD: "It’s not clear what percentage of it Cohen owned and how much the value has changed overtime."

Streeteasy lists one unit available for rent in the building — a recently renovated three-bedroom apartment with an ask of $3,195 per month.

On Tuesday, Cohen pleaded guilty to eight counts related to tax fraud, excessive campaign contributions, making false statements to a financial institution and unlawful corporate contributions.

133 Avenue D is for sale (again)

An EVG reader points us to 133 Avenue D, where the 6-floor building between East Ninth Street and East 10th Street is on the market now for $12 million.

Here's some details from the listing at The Besen Group:

The 14,600 SF property is built 42.5' x 80', sits on a 42.5' x 93' lot and is zoned C1-5/R8A. The current maximum allowable FAR is 6 providing 3,646 SF of additional air rights. With cut-outs, the building has generous light and windows on all sides.

There are two retail units and one residential unit on the ground floor. Avenue D Deli & Grocery occupies the first unit with 850 SF of retail space. Marty's Wine & Liquor occupies the second unit with 850 SF of retail space. The residential unit has two-bedrooms and 600 SF.

The property has four two-bedroom units on floors two through six each with approximately 575 SF. Gut renovations were completed on all free market units. The roof has a cell tower lease in place until April 2020 which is pre-paid, and can produce future income if extended.

Highly desirable location and in demand for high-end residential and retail. 133 Avenue D is a few blocks away from Tompkins Square Park, situated close to subway stations, M140 bus stop, and walking distance to the cornucopia of stores, restaurants, and nightlife the East Village has to offer. The property is also walking distance to one of the best public schools, Bard High School Early College.

Situated close to what subway stations?

Updated 7:55 a.m.

Thanks to commenter EVEddie for noting that this building just changed hands back in the spring for $10.5 million. Per The Real Deal:

Vintage Group acquired an East Village mixed-use building at 133 Avenue D for $10,5 million ... Red Man Takes It Back Realty Inc. is the seller.

Nice flip!