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New York & Tri-State  + Downtown New York  + Finance  |  July 9, 2024
Emily Fu
By: Emily Fu

Jonis Realty Sells 3 MXUs in East Village for $29M 

Queens-based developer Jonis Realty has recently closed the sale of three buildings in New York City’s East Village to Brooklyn-based developer Ryco Capital for $29 million.  

The properties involved in the sale are located at 127 Second Ave., 129 Second Ave., and 36 Saint Mark’s Place. These buildings are six-story mixed-use structures featuring a total of 10 retail units and 59 residential units, ranging from studios to five-bedroom apartments. Retail tenants include Paul’s Da Burger Joint, Taqueria Diana, Ramen Misoya, and B&H Dairy. 

Marcus & Millichap’s team, including Joe Koicim, Logan Markley, Zan Colin, and Matt Berger, represented Jonis Realty in the sale and procured the buyer, Ryco Capital. 

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Inside The Story

Joe Koicim

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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