Bleecker Street building nets 80% profit in six years

Joel Wertzberger’s Joyland Group has sold a mixed-use building in Greenwich Village for $36 million. Joyland sold the eight-story building at 159-161 Bleecker Street to Michael and Cynthia Schlegel’s EcoRise Development, brokers on the sale told The Real Deal. The roughly 30,000-square-foot building includes four office units and 20 market-rate rental apartments. Joyland purchased the building in 2014 for $20 million, property records show. Meridian Investment Sales’ Lipa Lieberman, Abie Kassin, Brian Gladstone and David

source https://therealdeal.com/2020/02/19/bleecker-street-building-nets-80-profit-in-six-years/