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Condo Conversions

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The offering plan has gone out to the rent-stabilized tenants at the Devonshire House, the 131-unit Central Village pre-war at 28 East 10th Street that was purchased by Fred Wilpon's (let's go Mets!) Sterling American Properties for $110 million. Those who haven't been bought out already (the market-rate renters were not renewed) have been offered prices slightly below the proposed market value if they choose to purchase their apartments. The building will undergo a $2.5 million capital improvement/spiffying up, including a gym, children's play room and a new garden. [CurbedWire; Devonshire House coverage]

The Devonshire

28 east 10th street, New York, New York