Highpoint Property sells East Village building for $13.2M, doubling 2020 purchase price

The Bramford LLC through the entity The Bramford LLC paid Drew Popkin’s Highpoint Property Group’s 100 2nd Avenue Owner LLC $13.2 million for 100 Second Avenue in East Village. The deal closed on March 22, 2021 and was recorded on April 6, 2021. The transaction consists of 1 parcel, including the tax class primarily five to six family with store or office (S5) and containing 6 residential units. The property is 6,581 square feet. The parcel(s) have total development potential of 6,581 square feet.
The average sale price per square foot is $2,013.

The contract date was March 9, 2021. The last time the property sold was February 25, 2020, when Highpoint bought it for $6,100,000.
Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $390,750.0. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $212,000.

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