Los Angeles-based Gemini Rosemont through the entity Second And Second Property LLC paid the Roman Catholic Church Of Most Holy Redeemer $40 million for 42 2nd Avenue, 46 2nd Avenue in East Village. The deal closed on March 16, 2020, and was recorded on March 20, 2020. The transaction consists of 2 parcels, including the tax class parsonage, rectory (M3). The parcel(s) have total development potential of 64,997 square feet.
The average sale price per square foot is $615.
This is Gemini Rosemont’s second purchase in New York City this month. On March 6, the firm bought an industrial property in Williamsburg for $18 million.