Last month, in a $29 million deal, RYCO acquired 127-129 Second Ave. and 36 St. Mark's Place.
The six buildings in this latest transaction are all on Second Avenue between Ninth Street and 10th Street:
• 141-143 Second Ave.
• 145 Second Ave.
• 149 Second Ave.
• 151-153 Second Ave.
• 156-158 Second Ave.
• 157 Second Ave.
The sale closed late last month and was made public in an Instagram post this past Thursday. PincusCo Media reported on this on July 17.
Per Pincus: "The six-building portfolio contains approximately 112 residential units in 119,046 square feet of built space ... Most of the units are free market, according to a person with knowledge of the deal. The buildings also have 13 commercial units."
The businesses include Citizens Bank, Downtown Social, The Cooper Still, 16 Handles and Chase Bank. (The Long Pour is at 155 Second Ave., which was not part of the sale.)
According to public records, Jonis Realty/Citi Urban Management's EV footprint is shrinking to just five buildings.
A group of residents who live in properties owned/run by Citi Urban Management formed the Citi Residents Alliance, which has a website with a violations database.
PincusCo reported that RYCO Capital has been one of the few active multifamily buyers over the last year.
