Showing posts with label Alex Rodriguez. Show all posts
Showing posts with label Alex Rodriguez. Show all posts

Thursday, December 29, 2022

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.

Monday, June 3, 2019

Moneyball: Is A-Rod your new landlord?



Alex Rodriguez's post-baseball résumé also includes NYC real-estate investor.

A-Rod, whose career included an unprecedented 211-game suspension for performance-enhancing drugs, is the new owner of "a 21-unit rental tower" in the East Village, the Post reported.

No word on the address of the building. (If you happen to know, then please hit us up in the tip line.)

Per the Post:

For the East Village purchase, A-Rod partnered with NYC real estate veteran Barbara Corcoran, who founded one of the city’s biggest brokerages and is now known for investing in business on ABC’s “Shark Tank.”

Through their company A-Rod Corp. — and funded by their personal fortunes — the celebrity duo plan to aggressively build up a portfolio of multifamily buildings across the city. They declined to share the address of their first joint buy, which has retail at its base, but say it is already generating “immediate returns.”

“Our first investment was a sweetheart deal, and we jumped at it,“ adds Corcoan, who got to know Rodriguez when he appeared on “Shark Tank.” “It took almost six months to negotiate, but Alex is incredible with this stuff. I thought he just hit balls, but he runs numbers.”

While this is his first NYC purchase, the former Yankee has a large real-estate investment portfolio that dates to 2003.