By Orlando Lee Rodriguez
Rosewood Realty Group announced on Monday that it closed a $28.75 million dollar deal for five pre-war East Village walkups.
329-335 East 9th Street and 325 East 10th Street, were sold in an off market deal to the Kushner Companies by Icon Realty Management, which bought the buildings in 2010, according to city records.
Aaron Jungreis of Rosewood Realty Group represented both the buyer and seller. The total square footage for all five buildings was 33,330 s/f.
Located between First and Second Avenues, 329-335 East 9th Street are a group of four, four-story pre-war, walkup apartment buildings with 35 units in total. The buildings contain also five retail locations on the ground level.
Located on the north side of Tompskins Square Park, 325 East 10th Street is a five-story walk-up with 18 apartments. It has no retail space and received a gut renovation in 2010.
Back in October, the city approved construction of additional floors for all of the 9th Street properties, according to the Greenwich Village Society of Historical Preservation.
Kushner has been quickly expanding its East Village portfolio as of late. In February, New York Post columnist Lois Weiss reported that Kushner was also in contract for a six-building package from Meadow Partners and Magnum Real Estate for $49 million.
This came on the heels of an all-cash, $128 million deal the company completed for 17 East Village buildings with 267 apartments and 25 retail locations from Westbrook Partners. That all-cash deal was done as a joint-venture with an un-named investor. Aaron Jungreis of Rosewood Realty Group also represented both parties in that deal.