NEW YORK, CITY—Eastern Consolidated has arranged the sale of The Ridge Street Portfolio, three contiguous mixed-use buildings on the Lower East Side, for approximately $50 million.

Deborah Gutoff, senior director and principal at Eastern Consolidated, procured the buyer — a partnership of Admiral Capital Group and Four Winds Realty — in the transaction. Senior director and principal Ronda Rogovin, along with Gutoff, represented the sellers, Judah Klausner and Richard Freedman, who owned the properties for almost 35 years.

Located at 198-200 Rivington Street, 110-114 Ridge Street, and 118 Ridge Street, the three buildings, including the corner, span 175 feet on the Lower East Side. The portfolio includes 64,000 square feet containing 61 residential units, three retail stores, and one 6,250-square-foot community facility space, recently leased to a daycare center. 110-114 Ridge Street, also known as The Coda, is an elevator building constructed in 2003, while 198-200 Rivington Street and 118 Ridge Street are two mixed-use, free market walk ups. All properties are nearly to 100% occupied.