Benchmark Real Estate Group Acquires Multifamily Property In East Village For $4.7M

The multifamily property located at 17 East 7th Street in the East Village has been sold for a price of $4,675,000. The property spans across 7,280 square feet, resulting in a price per square foot of $642. The transaction involved a total of 20 units, with each unit being sold at an average price of $233,750.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,675,000
• Address: 17 East 7th Street
• Market: East Village
• Square Footage: 7,280
• Price per Square Foot: $642
• Number of Units: 20
• Price per Unit: $233,750

The seller of the property was the Estate of Carl Wallman, while the buyer was Benchmark Real Estate Group. Representing the buyer in the deal was George Niblock from BrickCap Group and FriedmanRot. Eric Lupo served as the seller's representative in the transaction.