Site made vacant by East Village gas explosion sells for $6M

It sold for $4M under ask

TRD New York /
Sep.September 27, 2016 01:10 PM

UPDATED, 2:40 p.m., Sept. 28: The former site of a five-story rental building destroyed in the fatal Second Avenue gas explosion sold for $6 million, nearly $4 million less than its original ask.

The buyer, according to records filed with the city on Tuesday, is Ezra Wibowo. Owner George Pasternak started marketing the East Village property in March, with a listing price of $9.7 million. The site, according to the New York Post, has up to 10,000 buildable square feet for condo or rental development with a commercial overlay.

Lee Odell Real Estate’s Fernando Romero had the listing. Wibowo could not immediately be reached for more information on his plans for the property.

Pasternak set out to sell the property roughly a year after a gas explosion in the area killed two people and injured 25 others. An illegally-installed gas line at 121 Second Avenue caused the explosion. The building’s owner, Maria Hrynenko, and four others were arrested and charged with manslaughter and negligent homicide for their alleged role in the blast. The estate of one of the victims, Nicholas Figueroa, filed a wrongful death lawsuit against Hrynenko, a contractor and the city.

After the explosion, Hrynenko had to demolish two of her buildings and Pasternak was forced to wreck his five-story, three-unit rental building at 123 Second Avenue.


Related Articles

arrow_forward_ios
19-23 St. Mark’s Place with Andy Warhol (Credit: Google Maps; Warhol by Mark Sink / Corbis via Getty Images)

Former Andy Warhol nightclub sold to UBS for $35M

Former Andy Warhol nightclub sold to UBS for $35M
Charles Kushner and 331 East 9th Street (Credit: Kusner Photo by Ilir Bajraktari/Patrick McMullan via Getty Images; Google Maps)

Judge grants Kushner tenants free rent at East Village complex

Judge grants Kushner tenants free rent at East Village complex
42-46 2nd Avenue (Credit: Google Maps)

LA real estate firm buys shuttered church site for $40M

LA real estate firm buys shuttered church site for $40M
From left: Raphael Toledano and Madison Realty Capital managing principals Adam Tantleff, Josh Zegen and Brian Shatz (Illustration by Kevin Rebong for The Real Deal)

Raphael Toledano’s “ghostly” East Village portfolio

Raphael Toledano’s “ghostly” East Village portfolio
Firefighters work to extinguish a fire as a building burns after an explosion on 2nd Avenue in March 26, 2015 (Credit: Getty Images)

$24K in rent set in motion the fatal 2015 East Village blast. Prison now looms for the landlord and contractors

$24K in rent set in motion the fatal 2015 East Village blast. Prison now looms for the landlord and contractors
A rendering of 1 St. Marks Place

New boutique office building headed for East Village’s St. Mark’s

New boutique office building headed for East Village’s St. Mark’s
Nicolai Ouroussoff and Cecily Brown with 125 East 10th Street (Credit: Columbia GSAPP via Flickr, Wikipedia, and StreetEasy)

No criticism here: Nicolai Ouroussoff, Cecily Brown buy E. Village house for $7.75M

No criticism here: Nicolai Ouroussoff, Cecily Brown buy E. Village house for $7.75M
77 East Third Street (Credit: Wikipedia)

Fallen angels: Biker gang clubhouse to be converted to rental apartments

Fallen angels: Biker gang clubhouse to be converted to rental apartments
arrow_forward_ios

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

Loading...