Transaction amount: $$49,000,000
Prince Realty Advisors arranged the off market transaction on behalf of The Kushner Companies to buy six walk-up rental buildings in the East Village for $49 million from developer Ben Shaoul’s Magnum Real Estate Group and Meadow Partners. The seven buildings have a total of 115 apartments and one store. Among the residential units, 28 are rent stabilized and the rest are free market.
6-Building Walk-Up Package
118, 120-122, 195, 199, 201 and 203 East 4th Street New York, NY