Icon Realty pays $8M for 25-unit rental in East Village

Icon Realty Management, through the entity 152 Second Realty Associates LLC paid $8 million to Joseph Allen through the entity 152-154 Second Ave. Corp. for a 25-unit rental (D6) at 152-154 2nd Avenue in East Village, Manhattan.

The deal closed on April 20, 2021 and was recorded on May 10, 2021.

The property has 22,398 square feet of built space and 0 square feet of additional air rights for a total buildable of 22,084 square feet according to PincusCo analysis of city data. The sale price per built square foot is $357 per the PincusCo analysis.

The signatory for Joseph Allen was Joseph Allen. The signatory for Icon Realty Management was Terrence Lowenberg.

The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 25 residential units on February 19, 2015. The owners according to the Department of Housing Preservation and Development includes Terrence Lowenberg, head officer and Todd Cohen, officer. The business entity is 152 Second Realty, Llc.

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