Dr. Manocher Mehrfar Acquires East Village Multifamily For $8M

An eight-million-dollar multifamily property located at 101 First Ave in the East Village was recently sold. The property spans 7,040 square feet and has a price per square foot of $1,136. It consists of five units and was purchased by Dr. Manocher Mehrfar.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $8M
• Address: 101 First Ave
• Market: East Village

Peter Von Der Ahe, Joe Koicim, Corey Isdaner, and Jared Bernstein acted as brokers in the deal. The seller of the property was Parke Leatherman. The purchase price per unit was $1.6 million.