East Village Buildings Part of $73 Million Sale

w104 E. 7th St.Suzanne Rozdeba 104 East Seventh Street

A pair of East Village walk-ups were sold as part of a $73 million portfolio that also included 14 properties in the West Village, Upper East Side, and downtown Brooklyn.

Paul Smadbeck, Senior Vice President of Sales at Massey Knakal, described the buyer, Stone Street Properties, as “a relatively young, new company that has been very active. Their main expertise is doing lovely renovations and really improving these 100-year buildings, and bringing them into the 21st century.” He added that the investment company is “very sensitive” to the community.

438-440 E. 13th St.Suzanne Rozdeba 440 East 13th Street

The Real Deal reported that Stone Street, founded last year by Jeffrey Kaye and
Robert Morgenstern, acquired the entire portfolio from Manhattan landlord
Robert Koppelman.

One of the East Village buildings, at 104 East Seventh Street, stands right up against newly-opened Tink’s Restaurant and across the street from Saint Stanislaus Church. It holds landmark status, as part of the East Village/Lower East Side Historic District that was approved last month. The other property is located at 438-440 East 13th Street.