The Real Deal New York

10-story East Village apartment building hits market for $30M

Property holds 33 rentals and shoe repair and hardware stores

November 13, 2014 12:00PM

57-second-avenue

From left: 57-59 Second Ave. and James Nelson

Landlord Ludmilla Lozowy is asking $30 million for a 10-story apartment building located in East Village.

The property at 57-59 Second Avenue, between East 3rd and 4th streets, holds 33 apartments and two ground-floor retail units. Alex Shoe Repair and Allied Hardware occupy the retail space on a month-to-month basis. The two stores pay up to $4,000 per month.

Of the 33 apartments in the building, 28 are rent-stabilized.

A Massey Knakal Realty Services team led by James Nelson is marketing the site, according to EV Grieve. [EV Grieve]Mark Maurer

  • Jim Queen

    James Nelson is looking sadder and sadder with each deal passing and Bob and Paul keep looking happier and happier. I wonder if there is more to it.

  • moneytalks

    Maybe he is not happy with Bob and Paul deciding to sell the firm. This is a guy who averages $300 to $ 400 Million in deals a year. Yo know what can happen if a big firm swallow Massey Knakal…..

  • JamesIsFine

    Or maybe it was just an unflattering picture.

  • shazam

    That’s $909000 per unit…..

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