David Gleitman & Adam Basulejvic Of TARGO Capital Partners Acquire Multifamily Property In Union Square For $7.9M

201 2nd Avenue is a multi-family property located in the Union Square market. This mixed-use property comprises 8,975 square feet and features six residential units along with ground-floor retail space. The sale price for this asset was $7,900,000, with a price per unit of $1,128,571 and a price per square foot of $880.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $7,900,000
• Units: 7
• Square Footage: 8,975
• Price Per Unit: $1,128,571
• Price Per Square Foot: $880

The sale was executed by the representatives from Meridian Capital Group, including Abie Kassin, David Schechtman, and Jonathan Schwartz. The buyers, David Gleitman and Adam Basulejvic, are associated with TARGO Capital Partners, which is actively seeking multifamily and mixed-use opportunities in prime Downtown Manhattan neighborhoods.