MOVCAP Acquires Three East Village Properties For $13.8M From Leonard Eis

Lawrence Movtady's MOVCAP has purchased three properties in Manhattan's East Village from Leonard Eis for $13.8 million. The properties include an eight-unit residential walkup building at 107 1st Avenue, a three-unit mixed-use building at 105 1st Avenue, and another eight-unit residential walkup building at 109 1st Avenue. The total square footage of the properties is 20,523 square feet, with a price per square foot of $670. The transaction also included a buildable square footage of 24,800 square feet, resulting in a price per buildable square foot of $554.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $13,750,000
• Buyer: MOVCAP - Lawrence Movtady
• Seller: Leonard Eis
• Address: 107 1st Avenue, 105 1st Avenue, and 109 1st Avenue
• Market: East Village, Manhattan

The transaction was completed on 05/01/2023. Lawrence Movtady, representing MOVCAP, acted as the buyer's representative in the deal.