The Sabet Group Acquires Mixed-Use Property In East Village For $15.8M

A mixed-use property located at 24 Avenue A in the East Village has been sold for a total of $15,800,000. The transaction took place on February 9, 2019. The property spans across 15,308 square feet and was sold at a price of $1,032 per square foot.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $15,800,000
• Date: 02/09/2019
• Address: 24 Avenue A
• Market: East Village
• SF: 15,308
• PPSF: $1,032

The seller of the property is Alan Luke, while the buyer is The Sabet Group. The transaction was facilitated by brokers Joseph Smith & George Niblock from Friedman Roth.