Holliswood Development Acquires Former Church On East 7th Street For $3.8M

This multi-family asset located at 121 East 7th Street in the East Village was sold for $3,800,000. The building has a total square footage of 4,579, which equates to a price per square foot of $829.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $3,800,000
• Address: 121 East 7th Street
• Market: East Village
• Buyer: Holliswood Development
• Buyer's Representative: Dana Lowey Luttway
• Square Footage: 4,579
• Price per Square Foot: $829

Holliswood Development is expanding its East Village portfolio to 10 buildings with this acquisition. The property was originally built as a house in 1843 and was later converted into a church. After several years of being vacant, the Landmarks Preservation Commission has approved a plan to renovate and adaptively reuse the building, transforming the former church into a new residential rental building.