Premier Equities sells retail condos for $20M
Queens-based investor Athena Vrettos picks up properties in East Village, Tribeca
Premier Equities sold a pair of retail properties in the East Village and Tribeca to Queens-based investor Athena Vrettos for $20.1 million, sources told The Real Deal.
Premier, headed by founding partners Yaron Jacobi and Uzi Ben-Abraham, paid a total of $11.45 million between 2015 and 2017 to buy the retail condominiums at 13 First Avenue and 271 Church Street (also known as 90 Franklin Street), property records show.
Both retail properties are fully leased, and combined span 10,153 square feet. Tenants at 13 First Avenue, at the corner of First Street, include the bar Boilermaker, a juice bar and the Lazy Llama coffee shop.
Tenants at 271 Franklin include women’s athletic-apparel shop Sweaty Betty, cold-therapy center QuickCryo and the Tracy Anderson fitness studio.
Representatives for Premier and Vrettos could not be immediately reached for comment. Venture Capital Properties’ Vickram Jambu, Chris Varjan and Itan Rahmani represented the seller and the buyer in the deal. The brokers declined to comment.
Vrettos owns small mixed-use properties primarily in the Sunnyside area of Queens.