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Ryco Capital Acquires Multifamily Property In East Village For $29M

Property Image
SOLD
$29,000,000
Zan Colin
Matt Berger
+ 1

New York

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MultiFamily126,930 SF
Sold 06/28/2024
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Property Image
SOLD

Ryco Capital Acquires Multifamily Property In East Village For $29M

127 2nd Avenue, 129 2nd Avenue & 36 Saint Marks Place

See Similar Deals
MultiFamily126,930 SF
Sold 06/28/2024
Zan Colin
Matt Berger
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$228
Total Square Footage:126,930 SF
Transaction Type:Sale

Located in the East Village of Manhattan, the multifamily property at 127-129 Second Avenue & 36 Saint Marks Place was recently involved in a closed transaction. The property comprises 69 units with a total square footage of 42,310 and was sold for $29,000,000, equating to a price per unit of $420,290 and a price per square foot of $685.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $29,000,000
  • Units: 69
  • Price Per Unit: $420,290
  • Square Footage: 42,310
  • Price Per Square Foot: $685
  • Address: 127-129 Second Avenue & 36 Saint Marks Place, East Village, Manhattan

The deal was facilitated by the brokers Joseph Koicim, Logan Markley, Zan Colin, and Matt Berger from Marcus & Millichap. The buyers were Ryco Capital and the sellers were Josh Halegua, Nathan Halegua, and Martin Newman. This transaction marked a significant event in the real estate market of the East Village.

Players

Logan Markley
70 deals$970.7M volume(212) 430-5194
BROKER

Joseph (Joe) Koicim
Marcus & Millichap
173 deals$2.7B volume(212) 430-5147
BROKER

Matt Berger
Marcus & Millichap
21 deals$391.5M volume
BROKER

Zan Colin
Marcus & Millichap
24 deals$308M volume
BROKER

Details

SOLD
IMAGE: Matt Berger, Joseph Koicim, Logan Markley & Zan Colin DATE: 06/28/2024 ADDRESS: 127-129 Second Avenue & 36 Saint Marks Place MARKET: East Village, Manhattan ASSET TYPE: Multifamily BUYER: Ryco Capital SELLER: Josh Halegua, Nathan Halegua & Martin Newman BROKERS: Joseph Koicim (@Joey1cap), Logan Markley (@LogantMarkley), Zan Colin (@Zan_Colin) & Matt Berger (@MattBerger5) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $29,000,000 UNITS: 69 ~ PPU: $420,290 SF: 42,310 ~ PPSF: $685

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