Shaun Ajodan has acquired 157 Lexington Avenue from the Tsoumpas Group for $11.5 million, according to public records. The Kips Bay mixed-use building spans 12,452 square feet and contains 13 units.
Dig Deeper: The property contains 12 apartments and one commercial unit, which is occupied by Penelope Restaurant.
Acquisition financing: The buyer secured a $5 million loan from Northfield Bank to close the deal.
Location: The property is located between 29th and 30th Streets, three blocks from both the 33 Street and 28 Street Subway Stations, with access to the 4 and 6 trains. It sits five blocks from both the Empire State Building and Flatiron Building.
Brokers: The deal was brokered by Clint Olsen, Brendan Maddigan, Stephen Palmese, Ethan Stanton, Winfield Clifford, and Michael Mazzara of JLL.