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New York & Tri-State  + Downtown New York  + Apartments  | 

East Village Apartments Trade to Overseas Buyer

The Tri-State Investment Sales group for Avison Young arranged the sale of 109 Ave. A, a recently renovated residential property in the East Village. The undisclosed buyer purchased the property for $20,750,000.

An Avison Young team led by Senior Director Brandon Polakoff represented the seller in the negotiations. The property offers a corner location with 121 feet of wraparound frontage.

“This latest sale is emblematic of both Avison Young’s superior market knowledge and the desire for premium assets in the East Village neighborhood,” said Polakoff.

He continued, “The property had been on the market for quite a while before we were tasked with finding the right purchaser. Within two weeks of engagement, we received an offer from a foreign buyer higher than the property had received, and we were able to quickly meet our client’s desired sale price.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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