Davean Holdings Acquires Mixed-Use Property In East Village, Manhattan For $18.5M

The mixed-use property located at 81-83 St Marks Place in the East Village neighborhood of Manhattan has been sold in an off-market transaction. The buyer, Davean Holdings, was represented by Sean Lefkovits, David Lloyd, and Lance Lefkovits, while the seller, Fairstead, was represented by Jeffery Goldberg. The sale price for the property was $18,500,000, and it spans approximately 20,700 square feet, resulting in a price per square foot of $893.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $18,500,000
• Address: 81-83 St Marks Place, East Village, Manhattan
• Square Footage: 20,700 sqft
• Price per Square Foot: $893

The buyer, Davean Holdings, is actively seeking deals ranging from $15 million to $100 million in Manhattan and prime areas of Brooklyn. They can be contacted at [email protected]. This transaction offers a 5% cap rate and is located on a prime corner with over 100 feet of wraparound frontage at St Marks Place and 1st Avenue.