Evan Bell Purchases Multifamily Asset In Alphabet City For $14M

The multifamily property located at 332 E 4th Street in Alphabet City, East Village, Manhattan has been sold for $14 million. The property spans an area of 17,478 square feet with a price per square foot of $801. It consists of 30 units, including 28 residential units and 2 commercial spaces. The buyer of this property is Evan Bell, while the seller is Sant Batmaz. The deal was facilitated by brokers John J Stewart and Dylan Torey of Marcus & Millichap NY.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $14 million
• Price per Square Foot: $801
• Units: 30 (Residential: 28, Commercial: 2)

The units within the property consist of twenty-three 2-bedroom apartments and five 3-bedroom apartments, all of which are 100% rent stabilized. Additionally, the commercial spaces and 4 residential units were delivered vacant at the time of the sale.