ABS and Benenson Funding buy EV theater building for $33M

AMC Loews has leased the 54K sf building at 66 Third Avenue since 1988

New York /
Nov.November 16, 2016 06:01 PM

A joint venture between ABS Partners Real Estate and Benenson Funding acquired the four-story building at 66 Third Avenue that houses the AMC Loews theater for $32.3 million.

With 54,328 square feet across four floors, the price comes to just under $600 per square foot. The sellers were listed in public records as Charles Re Jr. and John Lawrence Jr.

The theater, known as AMC Village 7, sits on the corner of East 11th Street and Third Avenue in the East Village, and completed a months-long renovation in 2015. AMC has leased the building since 1988, property records show.

The New York Post first reported on the deal last month, but the price of the transaction wasn’t disclosed.

ABS Partners Real Estate and Benenson have partnered in the past to acquire real estate. Earlier this year, the partners picked up a medical building at 407 East 70th Street for $17 million.

ABS’ Steve Hornstock and Meridian Capital Group’s David Schechtman┬ábrokered the deal.


Related Articles

arrow_forward_ios
ABS Partners founder Earle Altman and 200 Park Avenue South (Getty Images, ABS Partners)
Revlon released from 200 Park Avenue South leases
Revlon released from 200 Park Avenue South leases
200 Park Avenue South and Revlon's Ron Ron Perelman (Loopnet, Getty Images, iStock)
Revlon trying to escape pricey leases at 200 Park Avenue South
Revlon trying to escape pricey leases at 200 Park Avenue South
ABS Partners Real Estate founder Earle Altman and 270 Madison Avenue (ABS Partners, LoopNet, iStock)
NY Public Library leases 41k sf for Midtown offices
NY Public Library leases 41k sf for Midtown offices
136 East 57th Street (Credit: Google Maps)
ABS, AEW, East End Capital ink ground lease at Midtown East building with plans for overhaul
ABS, AEW, East End Capital ink ground lease at Midtown East building with plans for overhaul
Long Island Cheat Sheet: Riverhead town board to vote on one of the largest land sales in LI history … & more
Long Island Cheat Sheet: Riverhead town board to vote on one of the largest land sales in LI history … & more
Long Island Cheat Sheet: Riverhead town board to vote on one of the largest land sales in LI history … & more
Real estate tech firm Flip inks lease on Grand Street in Williamsburg
Real estate tech firm Flip inks lease on
Grand Street in Williamsburg
Real estate tech firm Flip inks lease on
Grand Street in Williamsburg
Daun and Peter Hauspurg and ABS Partners Real Estate offices at 200 Park Avenue South (Credit: Twitter and ABS Partners)
They ran a brokerage, now they’re sourcing deals. Why Daun and Peter landed at ABS
They ran a brokerage, now they’re sourcing deals. Why Daun and Peter landed at ABS
Peter Hauspurg and Daun Paris resurface at ABS Partners
Peter Hauspurg and Daun Paris resurface at ABS Partners
Peter Hauspurg and Daun Paris resurface at ABS Partners
arrow_forward_ios

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

Loading...