Timothy Yantz Acquires East Village Apartment Building For $57.8M

An apartment building located at 304-310 East 12th Street in the East Village of Manhattan has been sold in a recent transaction. The property, zoned as R8B, consists of apartments and is situated on a lot with a size of 32,160 square feet. The building has a total square footage of 101,947 with a price per square foot of $566. The transaction took place on August 18, 2022, with a sale price of $57,800,000. The buyer of the property is Timothy Yantz, while the seller is Eytan Chissick.

Summary of transation details

• Property Type: Apartment
• Transaction Amount: $57,800,000
• Address: 304-310 East 12th Street, East Village, Manhattan
• Market: East Village, Manhattan
• Zoning: R8B
• Lot Size: 32,160 square feet
• Total Square Footage: 101,947 square feet
• Price per Square Foot: $566

The transaction had a building square footage (BSF) of 128,640, resulting in a price per BSF of $449. The FAR (Floor Area Ratio) of the property is 3.17, and it falls under tax class 2. The property's lot dimensions are 171.5 feet by 206.5 feet. It's worth noting that an alteration permit was issued on November 02, 2020.

Timothy Yantz acted as the buyer's representative, while Eytan Chissick represented the seller in this deal.