Japanese investor pays $14.3M to Icon Realty for rental in East Village

The Japanese company Tsukaki Co., Ltd. paid $14.3 million to Icon Realty Management through the entity 205 Avenue A Realty LLC for nine-unit rental (C7) at 205 Avenue A in East Village, Manhattan.
The deal closed on May 28, 2021 and was recorded on June 9, 2021.
The property has 9,992 square feet of built space and 309 square feet of additional air rights for a total buildable of 10,300 square feet according to PincusCo analysis of city data. The sale price per built square foot is $1,436 and the price per buildable square foot is $1,393 per the PincusCo analysis.
The owner bought the property on 30-Mar-12, for $3.5 million.
The signatory for Icon Realty Management was Terrence Lowenberg.
(120926560)The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 9 residential units on October 31, 2014.
The buyer, Tsukaki, was advised by Efficiency Capital Advisors, a Tokyo-based real estate investment advisory firm using the local name ECA New York Realty Advisors.  The contract date was April 28, 2021.
The former owners according to the Department of Housing Preservation and Development included Terrence Lowenberg, head officer and Todd Cohen, officer. The business entity was 205 Avenue A Realty, Llc.

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