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227 East 11th Street

JLL Brokers Hall Oster, Teddy Galligan & Guthrie Garvin Close $6.25M Multifamily Sale In East Village
SOLDMultiFamily

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

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.

Players

Guthrie Garvin

JLL

Broker

$991.4M

vol

42 deals

Broker
JLL
JLLBrokerage

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