Westover Companies Acquires Multifamily Property In East Village For $56.75M

The multifamily property located at 138 E 12th Street in East Village has been sold for a price of $56,750,000. The transaction took place on 10/28/2022. The property consists of 85 units, with an average price per unit of $667,647. The total square footage of the property is 67,741, with a price per square foot of $838.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $56,750,000
• Units: 85
• Price per Unit: $667,647
• Total Square Footage: 67,741
• Price per Square Foot: $838
• Date: 10/28/2022
• Address: 138 E 12th Street
• Market: East Village

The sale was facilitated by JLL, with Steven Rutman, Rob Hinckley, Jeff Julien, and John Taylor representing the buyer, Westover Companies, and the seller, Wafra.