Argentinian firm RAGHSA pays $211M to Related Companies for 1 Union Square South

RAGHSA Real Estate through the entity 1 USS GP LLC paid Related Companies’s Related 14th Street Associates, Inc. $211.4 million for the residential units in 1 Union Square South at 842 Broadway in East Village. The deal closed on November 19, 2020, and was recorded on November 24, 2020.

The buyer was identified in city records as Raghsa Real Estate. Raghsa is an Argentinian real estate development and management firm based in Buenos Aires. The sale is only for the 240 residential units in the 27-story building, which Related constructed in 1998. It has large retail on the lower levels occupied by tenants including Best Buy and a movie theater. News of the contract was originally reported by The Real Deal in June. The actual sale price and the identity of the buyer was not disclosed at the time.

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