Fairview Property Group Acquires Multifamily Asset In East Village For $10M

A multifamily property located at 107-109 East 2nd Street in the East Village of New York City has been sold for $10,000,000. The property consists of 39 units and spans a total of 17,848 square feet, resulting in a price per square foot of $560. The buyer's identity has not been disclosed, while the seller is Arthur Kokot. The sale was facilitated by John Florek and Jonathan Schwartz of Fairview Property Group.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $10,000,000
• Address: 107-109 East 2nd Street, East Village
• Market: East Village
• Buyer: undisclosed
• Seller: Arthur Kokot
• Brokers: John Florek & Jonathan Schwartz - Fairview Property Group
• Size: 17,848 square feet
• Price per Square Foot: $560
• Units: 39
• Price per Unit: $256,410

The sale of this East Village multifamily property was successfully executed with the assistance of John Florek and Jonathan Schwartz of Fairview Property Group, who represented the undisclosed buyer. The transaction highlights the continued demand for real estate in the East Village area, while maintaining the confidentiality of the buyer's identity.