Tsukaki Co. Acquires 10-Unit Multifamily Property In East Village For $14.35M

The property asset involved in this transaction is a multifamily building located at 205 Avenue A in the East Village market. The asset comprises 10 units, with 9 designated for residential use and 1 for retail. The sale was completed for a total amount of $14,350,000, equating to a price per square foot of $1,436, covering a total square footage of 9,991. The tax class for this property is classified as 2B. The last recorded sale for the property occurred in March 2012, with a transaction amount of $3,450,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $14,350,000
• Address: 205 Avenue A
• Market: East Village
• Units: 10 (9 Residential & 1 Retail)
• Tax Class: 2B
• Sale Price per Square Foot: $1,436
• Last Sale Amount: $3,450,000
• Last Sale Date: March 2012
• Buyer: Tsukaki Co.
• Seller: @IconRealty

The transaction was represented by Todd Cohen and Terrence Lowenberg, who played key roles in facilitating the deal. Their involvement contributed to the smooth execution of the sale process, ensuring that both the buyer and seller were effectively represented throughout the transaction.