Shaoul Said to Have Sold Seven More Properties to Jared Kushner

Samantha Balaban 199, 201 and 203 East Fourth.
propertyMassey Knakal

Jared Kushner has signed a contract to pay $49 million to Benjamin Shaoul for seven buildings on East Fourth Street, sources tell The Real Deal.

The Local suspected that the properties might have been purchased when they were mysteriously removed from Massey Knakal’s website shortly after we wrote about them two weeks ago. Yesterday, John Ciraulo, vice chairman of the firm, failed to reply to our inquiries about the matter. This morning, Mr. Shaoul’s attorney, Ken Fisher, declined to comment on the status of the buildings. The Real Deal broke the story this afternoon.

News of Mr. Kushner’s seven-building purchase comes on the heels of reports that he purchased 17 buildings from Mr. Shaoul and Westbrook Properties. The Post reported that the sale was for $128 million; The Real Deal now says the number is $130 million. The seven-building package consists of 118, 120-122, 195, 199, 201 and 203 East Fourth Street, which have a combined total of 115 residential units and one store.

Mr. Kushner, 32, is married to Ivanka Trump and owns The New York Observer. When it comes to high-profile real estate purchases, this isn’t his first rodeo. His family business, Kushner Companies purchased 666 Fifth Avenue in 2007 in a $1.8 billion deal, which The Times referred to as “a classic example of reckless underwriting.”