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Take 3: Ben Shaoul launches sales at rebranded LES condo
Now dubbed Liberty Toye, units start at $675K
![Renderings of Liberty Toye and Ben Shaoul](https://static.therealdeal.com/wp-content/uploads/2017/11/Liberty-Toye-Ben-Shaoul-1.jpg)
Developer Ben Shaoul has a new name for the East Village nursing home turned raucous rental building that’s now on its third life as a punk-inspired condominium.
Shaoul’s Magnum Real Estate Group is calling the project Liberty Toye, and the firm put 14 units on the market today with brokerage Town Residential. Availabilities include a mix of studios, and one- and two-bedroom units with a blended average price of $1,600 per square foot.
The building, located at 62 Avenue B, has garnered its share of headlines over the past few years. Magnum bought the property for $25.5 million from Cabrini Center for Nursing and Rehabilitation in 2011 and converted it to rentals in 2013.
But residents of the building — then called Bloom 62 — partied a little too hard on the rooftop, leaving beer bottles, graffiti and broken furniture after a particularly rowdy night. Magnum shut the rooftop indefinitely to stop the “excessive” partying it said had “left the amenity space looted.”
![](https://static.therealdeal.com/wp-content/uploads/2017/11/Renderings-of-Liberty-Toye.jpg)
Rendering of the garden at Liberty Toye
In early 2015, Shaoul looked to sell the property for $80 million, but ultimately decided to convert it to condos.
The latest iteration of the building includes 81 condos with stained hardwood floors, white marble counters and brushed brass fixtures. Amenities include a fitness center and yoga room, courtyard and, yes, a landscaped roof deck with grills, dining areas, a lounge and outdoor shower. Construction is underway on the building, which still has some rental tenants in place.
The total sellout is $92.5 million, the offering plan indicates. Studios start at $675,000; one-bedrooms at $795,000 and two-bedrooms at $1.325 million, according to Town. Liberty Toye will accept Bitcoin.