The package of 17 East Village buildings that were sold twice in two years for loads of profit, with the result of a lot of tenants being forced out, and NYU students moving in, are on the chopping block again. This time they are asking $111 million for the package.
First, they were bought by Extell for $72 million in 2005. Then they were bought by Westbrook, managed by the Shaoul phantoms (we think) but mostly an anonymous man on the phone named "Josh I don't have a last name" for $97.5 million in 2007.
One year later, a lot of construction jobs created, hallway floor tiles, cheap cabinets, fake stainless steel refrigerators and chemical-wood floors purchased, and they will, if all goes their way, make $13 million in one fell swoop. So now they can build another adorable condo like the atrocity A Building on 13th Street or the commonly ridiculed Yves in Chelsea.
Who will be next? Third time's a charm.
4 comments:
Hey Jill, do you have a link to this story? I live in one of the buildings but haven't heard anything about it. Thanks. :)
Cooper Square had a meeting with the tenants associations of the various buildings and gave out the prices. I haven't seen it in the news yet - I have the breaking story!!
Who are you?
Thank you Jill. I am on the CSC mailing list but couldn't make the recent meeting. I would rather not post my name here (and don't have a blog to link to), but I am here only in support.
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