Published On: Sun, Nov 16th, 2014

Developer Ben Shaoul Asking $73 Million for Bloom 62

Bloom 62

Real estate Developer Ben Shaoul is asking $73 million for Bloom 62, according to the Real Deal. He picked up the property for just $25 million in 2011, when it was still the Cabrini Center for Nursing and Rehabilitation. Not long after buying the property, the Cabrini center was closed down and Ben Shaoul converted it to house luxury condos.

Ben Shaoul runs the Magnum Real Estate Group, which has been focused on real estate development in New York City. He has also invested in TriBeCa, Williamsburg, has converted the art deco Verizon building to condominiums and developed the dormitory for the School of Visual Arts in Manhattan.

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