Updated Nov 3, 2025
JLL Brokers Hall Oster, Teddy Galligan & Guthrie Garvin Close $6.25M Multifamily Sale In East Village
227 East 11th Street
$6,250,000
$691/SF
Building Size
9,043 SF
Asset Type
MultiFamily
Closing
Oct 21, 2025
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 227 East 11th Street in the East Village, Manhattan. The sale was completed at a price of $6,250,000, which corresponds to a price per unit of $328,947 across its 19 units. The total square footage of the property is 9,043, resulting in a price per square foot of $691.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,250,000
- Units: 19
- Price Per Unit: $328,947
- Square Footage: 9,043
- Price Per Square Foot: $691
The transaction involved three brokers representing the deal: Hall Oster, Teddy Galligan, and Guthrie Garvin from JLL. They facilitated the sale of the property under their agency, contributing their expertise to the transaction in the East Village market.
On the Map
$6,250,000
$691/SF
MultiFamily
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New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93