Douglas Elliman’s Stone St. portfolio trades for $16.35 million

New York, NY Douglas Elliman’s Stone St. portfolio at 52 Stone St. and 53-55 Stone St. has traded for a collective price of $16.35 million. The historic retail-and-apartment buildings, owned by Goldman Properties, came to market with Douglas Elliman in November 2020.

52 Stone St., is a four-story, 8,162 s/f building with Stone Street Tavern on the ground floor and three free-market apartments above. Ronan Downs, the owner of Stone Street Tavern, The Dubliner and Beckett’s Bar and Grill, also located on Stone St., purchased the building for $6.25 million.

The other two buildings at 53-55 Stone St., span 14,690 s/f and hold two bars, Underdog and Revolution, along with seven free-market apartments above. Davean Holdings, who also owns properties in the area like 6 Stone St. and 126 Pearl St., purchased the portfolio for $10.1 million.

Marc Palermo of Douglas Elliman and Louis Puopolo of Douglas Elliman Commercial represented the seller in both transactions. Hillel Horovitz of Douglas Elliman Commercial represented the buyer, Davean Holdings for the deal at 53-55 Stone St.