January 27, 2023

Alex Rodriguez ventured into New York Metropolis authentic estate when he became element owner of 133 Avenue D, a 20-device prewar apartment creating in Alphabet City, alongside with Barbara Corcoran in 2018. When Rodriguez experienced currently created a authentic-estate portfolio throughout the nation, his order of the six-story walk-up throughout from NYCHA’s Jacob Riis Properties was his to start with investment decision in New York. (“I have always had the ambition of owning rental flats in New York,” Rodriguez later on instructed the New York Submit.) But as EV Grieve not too long ago noted, 133 Avenue D is now back again on the market place for $8 million — a a little minimized price tag from its last sale at $8.3 million.

Photograph: Google Maps

The very last number of yrs have been tumultuous for the constructing. The preceding entrepreneurs of 133 Avenue D were Donald Trump’s lawyer Michael Cohen and Eric Nelson’s Classic Group. The constructing was bought in 2018 — the exact same yr Cohen pleaded responsible to fraud and campaign-finance violations — and at a reduction, since Cohen and Vintage Team experienced initially purchased the constructing in 2015 for $10.5 million.

In 2021, the developing designed the news once more when a tenant, cafe employee Ryo Nagaoka, came home immediately after becoming hospitalized with COVID and identified that almost every thing he owned was long gone. As Gothamist described, just 3 weeks immediately after Nagaoka was hospitalized, the building’s homeowners hired a cleansing firm to throw out all of his possessions and improve the locks. “They assumed he died,” a neighbor claimed. Nagaoka was, in point, pretty a lot alive, and when he returned, only his piano and pet tortoise were being left. Dan Shapiro, a person of the building’s other homeowners, instructed Gothamist via his lawyer Mitchell Kossoff that they had built “every effort” to identify Nagaoka and that the “pet tortoise remained in the apartment and was cared for by the landlord’s agents till the Citizens return [sic].” (You might recognize Kossoff as the real-estate law firm who was not too long ago disbarred and convicted of thieving millions from his customers.) Rodriguez did not remark to Gothamist about Nagaoka or the treatment of the tortoise at the time.