The Real Deal New York

Shaoul’s Bloom62 in East Village seen fetching $70M

January 29, 2014 02:02PM

Ben Shaoul’s 81-unit luxury rental building Bloom62 is up for the sale – and expected to reel in $70 million.

Average rents in the building, located at 62 Avenue B between 4th and 5th streets in the East Village, are in the low $80s per square foot, the New York Post reported. The property is in the process of being shown to prospective buyers.

The property began listing units in June and, by October, 75 percent of them had been leased, as The Real Deal reported. A roof deck and gym are among the amenities.

Studley brokers Will Silverman and Woody Heller represented Shaoul’s Magnum Real Estate Group and its partner, Meadow Partners. [NYP]Mark Maurer