The Real Deal New York

Ben Shaoul looks to sell Bloom 62 for $73M in cash

Developer picked up the property on Avenue B in 2011 for $25.5M
November 14, 2014 11:05AM

Ben Shaoul is looking to sell his Bloom 62 for $73 million in cash.

The developer first showed off the apartment building — the former Cabrini Center for Nursing and Rehabilitation — to potential investors in January. Average rents in the building are in the low $80s per square foot.

Shaoul bought the property in December 2011 for $25.5 million. The Cabrini Center closed in 2012 and the developer converted the building into luxury condos. [EV Grieve] — Claire Moses