Aby Rosen buys block of Devonshire House condos for $32M

33 rent-stabilized apartments were left from Cheshire Group's Greenwich Village conversion

New York /
Aug.August 20, 2015 12:29 PM

Aby Rosen’s RFR Holding bought a block of rent-regulated apartments at the Cheshire Group’s condo conversion of the Devonshire House for $32.5 million, city records show.

Rosen’s firm bought a total of 33 condo units including four penthouses dispersed throughout the Greenwich Village building at 28 East 10th Street, property records filed with the city Thursday show. The building’s market-rate condo owners include actor Alec Baldwin, who recently listed his apartment for $2.4 million.

Mark Zborovsky represented Cheshire in the deal.

Cheshire and Richard Wilpon’s Sterling American Property bought the 131-unit building in 2008 for $110 million and renovated some 70-odd apartments with the plan of eventually selling off the rent-regulated units, Hewitt said.

In 2010, the developer sold the retail portion of the building off to the Brodsky Organization for $10.3 million.

Last month RFR paid $26 million to buy a four-story building in Noho, and the company is in contract to buy the neighborhood’s “Peace Pentagon” for $20 million. Rosen’s company recently defaulted on the mortgage on its blue-chip Park Avenue office tower the Lever House, where rent on the company’s ground lease is set to climb 200 percent in 2023.


Related Articles

arrow_forward_ios
Vanke US managing director Kai-yan Lee, RFR’s Aby Rosen and 100 East 53rd Street (Photos via Foster + Partners and Getty)

Vanke seeks to remove RFR from Midtown condo project

Vanke seeks to remove RFR from Midtown condo project
The Seagram Building at 375 Park Avenue with a photo illustration of RFR's Aby Rosen (Getty, Google, iStock)

Aby Rosen to build sprawling gym in Seagram Building

Aby Rosen to build sprawling gym in Seagram Building
The Chrysler Building and Aby Rosen (Credit: Rosen by Sean Zanni/Patrick McMullan via Getty Images)

Retail tenants disappearing from Chrysler Building

Retail tenants disappearing from Chrysler Building
Aby Rosen of RFR Holding and 175-225 Third Street in Gowanus (Credit: Google Maps and Getty Images)

With rezoning looming, RFR asks over $200M for Gowanus assemblage

With rezoning looming, RFR asks over $200M for Gowanus assemblage
Aby Rosen is no longer planning a hotel for the Chrysler Building

Aby Rosen is no longer planning a hotel for the Chrysler Building

Aby Rosen is no longer planning a hotel for the Chrysler Building
Aby Rosen plans to restore “Sleeping Beauty” Chrysler Building to Art Deco glory

Aby Rosen plans to restore “Sleeping Beauty” Chrysler Building to Art Deco glory

Aby Rosen plans to restore “Sleeping Beauty” Chrysler Building to Art Deco glory
The Chrysler Hotel? Aby Rosen to consider conversion for $151M trophy asset

The Chrysler Hotel? Aby Rosen to consider conversion for $151M trophy asset

The Chrysler Hotel? Aby Rosen to consider conversion for $151M trophy asset
Aby Rosen’s RFR Holding buys Chrysler Building: sources

Aby Rosen’s RFR Holding buys Chrysler Building: sources

Aby Rosen’s RFR Holding buys Chrysler Building: sources
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...