Penn South Capital Sells Mixed-Use Property In East Village For $8.5M

The mixed-use property located at 94 St Marks Place in East Village has been sold. The property, spanning 9,000 square feet, was sold for a price of $8,500,000, resulting in a price per square foot of $944. The previous sale of the property took place on September 2, 2016, for a price of $6.4 million. The property is zoned as R7A and C1-5, with a tax class of 2.

Summary of transation details

• Property Type: Mixed-use
• Transaction Amount: $8,500,000
• Square Footage: 9,000
• Price per Square Foot: $944
• Address: 94 St Marks Place
• Market: East Village

Penn South Capital acted as the seller in this transaction. The deal was closed on August 24, 2020, with David Goldoff and Raymond Chera representing the parties involved in the sale.