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Kushner’s East Village play: breaking down the numbers on the 450-unit acquisition

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The East Village is a playground for New York City’s urban trendsetters, drawing them to its trendy bars and restaurants in century-old walk-ups. But the neighborhood has also been a battleground for decades between tenants and their advocates allied against residential landlords seeking to profit from the ever-rising rents in the apartments above. The most recent punching bag was Ben Shaoul, a developer and owner of Magnum Real Estate Group. Since buying hundreds of units [more]

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