CONFIRMED: 187 7th Avenue Has Sold

187-7th-ave-030311.jpg
Last month a tipster passed along news that the infamous, dilapidated townhouse on the corner of 7th Avenue and 2nd Street sold “in a closing that lasted all night.” Well, the sale just hit public records for the grand sum of $4.2 million. It’s listed as an eight-unit building. The former owners had this building in their possession for years and recently struggled with a long foreclosure battle. The buyers are under an LLC but the deed lists a Manhattan address that either leads to Sugar Hill Capital or New Holland Residencies. Both are real estate firms that work in Brooklyn, although Sugar Hill specifically acquires and repurposes multi-family building in New York. We can hardly imagine what kind of shape the interior is in. That’s a high price to pay, likely accounting for the amazing location.
Did 7th Avenue Wreck Finally Sell? [Brownstoner] GMAP

22 Comment