Tom Higgins And Dan Shapiro Acquire East Village Property For $8.3M

Located in East Village, the property at 133 Avenue D recently changed hands in a closed sale transaction. The sale, which took place on December 10, 2018, involved a property with a total area of 14,588 square feet. The sale price reached $8.3 million, resulting in a price per square foot (PPSF) of $568. The Gross Rent Multiplier (GRM) for the property is 13.9, with a Capitalization Rate (Cap Rate) of 4.37. The transaction was facilitated by Vintage Properties, represented by Eric Nelson as the seller. On the buyer's side, Tom Higgins and Dan Shapiro successfully acquired the property. The sale was facilitated by Richard Guarino and Joseph Smith from Friedman Roth Realty Services.

Summary of transaction details:

• Property Type: Sale
• Transaction Amount: $8.3 million
• Property Square Footage: 14,588
• Price Per Square Foot (PPSF): $568
• Gross Rent Multiplier (GRM): 13.9
• Capitalization Rate (Cap Rate): 4.37
• Market: East Village

The sale of 133 Avenue D in East Village was overseen by Richard Guarino and Joseph Smith from Friedman Roth Realty Services. Tom Higgins and Dan Shapiro acted as the buyers, while Vintage Properties, represented by Eric Nelson, served as the sellers in this transaction.