The Garcia Family Acquires Multifamily Property From Taylor Family For $4.665M In East Village

The property at 191 East 7th Street, located in the East Village market, is a multifamily asset consisting of 4 units. The sale price of the transaction was $4,665,000, equating to a price per unit of $1,166,250. The property encompasses a total square footage of 3,328, resulting in a price per square foot of $1,401.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,665,000
• Address: 191 East 7th Street
• Market: East Village
• Units: 4
• Price Per Unit: $1,166,250
• Square Footage: 3,328
• Price Per Square Foot: $1,401
• Buyer: The Garcia Family
• Seller: Taylor Family
• Broker: Michael Sherman - Baseline Real Estate Advisors

The transaction was facilitated by Michael Sherman, who represented the seller, the Taylor Family. The involvement of a knowledgeable broker was crucial in executing this multifamily sale in the competitive East Village market.