![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjN-ubvOuTF07uqVAG6XgwEhhTc3AI6Kf1uwh5-5cqkhmoGDrYCzH8ZYHhhXK6__t7HXIUNr8L-RmBZakbhgDkZyghM1n7TncWquMxcSaopDhvJmKWomSa8wamKxx0OMwS5nug2y3xJjlo7/s400/unnamed-115.jpg)
Photo by Derek Berg
@evgrieve have you seen the bus that opened up the earth on st marks? pic.twitter.com/t631XstZFL
— EdenBrower (@edenbrower) May 26, 2016
Asking rents for retail on the block are about $250 per square foot. Meanwhile, a market-rate apartment at one of the buildings rents for $3,200 per month on average, according to StreetEasy. About 40 percent of the apartments are market-rate units; the rest are rent-stabilized.
The deal is expected to close in the next couple months, sources said.
The seller is an investor affiliated with the entity St. Marks Assets Inc., which has owned the buildings since the late 1970s, property records show.
The buyer-to-be is planning renovations, sources said