Highcap Group Sells Multifamily Asset In East Village For $5.615M

The property located at 234 East 7th Street in the East Village, Manhattan, was recently sold for $5,615,000. The five-story walk-up multifamily building spans 6,500 square feet and consists of 20 units, with a price per unit of $280,750 and a price per square foot of $864. The seller of the property was William Robles.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,615,000
• Units: 20
• Price Per Unit: $280,750
• Square Footage: 6,500
• Price Per Square Foot: $864
• Address: 234 East 7th Street
• Market: East Village, Manhattan

Christen Portelli and Ty Gallishaw from Highcap Group represented the seller, William Robles, in this transaction. This sale marked the first change of ownership for the property since the 1980s. The building features a mix of FM and RS units, making it a unique investment opportunity in the vibrant East Village market.