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

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.