Ari Zagdanski’s Kinsmen Property Group Acquires Mixed Use Asset In East Village For $23M

The mixed-use property located at 62 & 64 Third Avenue in East Village has been sold for a total of $23,000,000. The property, which spans approximately 15,000 square feet, was purchased by Ari Zagdanski’s Kinsmen Property Group. The sale is significant because the property had not changed hands for over 100 years. Jakobson Properties, the seller, is known for owning over 50 properties in Manhattan and rarely divesting their assets. It is worth mentioning that Jakobson Properties represented themselves in this transaction.

Summary of Transaction Details

• Property Type: Mixed Use
• Transaction Amount: $23,000,000
• Address: 62 & 64 Third Avenue, East Village
• Market: East Village
• Square Footage: 15,000
• Price Per Square Foot: $750

Itan Rahmani of @VCPRE acted as the buyer's broker for Kinsmen Property Group in the transaction.