131 2 Avenue

East Village, Manhattan

Parcel ID (BBL): 1004630028

Acris records

Owner: Ryco Capital

Acquired: August 01, 2024, $29 million

Debt: December 22, 2022, $22.5 million

Built: 1900

SF: 17,518

Dwelling units: 19

No. of buildings: 1

Class: Over Six Families With Stores (C7)

Floors: 6

Transactions:

• Jonis Realty and Martin Newman sold 131 2nd Avenue, 127 2nd Avenue, and 129 2nd Avenue, East Village, Manhattan for $29 million to RYCO Capital on August 01, 2024.

• Jonis Realty borrowed $22.5 million from Signature Bank for 131 2nd Avenue, 127 2nd Avenue, and 129 2nd Avenue, East Village, Manhattan on December 22, 2022.

Development:

• Brendan Sarsfield filed alteration job M01202744 for 302 sqft RES building with 20 apartments in East Village, Manhattan, on April 24, 2025.

• Brendan Sarsfield filed alteration job M01202758 for 409 sqft RES building with 20 apartments in East Village, Manhattan, on April 10, 2025.

• Brendan Sarsfield filed alteration job M01115330 for 641 sqft RES building with 20 apartments in East Village, Manhattan, on September 30, 2024.

• Eric Borkowski filed alteration job M00866102 for 500 sqft RES building with 20 apartments in East Village, Manhattan, on May 11, 2023.

• Agent Reprensitive filed alteration job M00867474 for 450 sqft RES building with 27 apartments in East Village, Manhattan, on May 02, 2023.

Litigation:

• Mark Schmit filed a $645,613 lawsuit 154938/2022 against Nathan Halegua and Ira Fishman on June 13, 2022,seeking a money judgment related to residential leaseat 131 2 Avenue.

Violations:

According to city public data, the properties have received one DOB violation, 19 housing violations, and $3,490 in OATH penalties in the last year.

Latest Stories:

• RYCO Capital signs $128.2M loan with Derby Copeland for nine properties in East Village (August 30, 2024)

• Jonis Realty signs $22.5M refi for 3 walkup properties in East Village (December 23, 2022)