Eastern Consolidated Arranges $50 Million Sale of Ridge Street Portfolio on Lower East Side

by Scott Reid

New York — Eastern Consolidated has arranged the sale of the Ridge Street portfolio, three contiguous mixed-use buildings located on New York’s Lower East Side.

A partnership between Admiral Capital Group and Four Winds Realty purchased the properties for $50 million from Judah Klausner and Richard Freedman.

Located at 198-200 Rivington St., 110-114 Ridge St. and 118 Ridge St., the portfolio includes 64,000 square feet featuring 61 residential units, three retail stores and one 6,250-square-foot community facility space.

Deborah Gutoff of Eastern Consolidated procured the buyer, while Gutoff and Ronda Rogovin, also of Eastern Consolidated, represented the sellers in the transaction.

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