Lockhill Properties Acquires MultiFamily At 47 Jane Street From Miller Family For $8.5M

The property sold is a multi-family asset located at 47 Jane Street in the West Village, Manhattan. The transaction was completed at a sale price of $8,500,000, comprising 20 units. The property features a square footage of 9,155, resulting in a per unit price of $425,000 and a price per square foot of $928.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $8,500,000
• Address: 47 Jane Street
• Market: West Village, Manhattan
• Units: 20
• Price Per Unit: $425,000
• Square Footage: 9,155
• Price Per Square Foot: $928
• Buyer: Lockhill Properties
• Seller: Miller Family
• Buyer's Representative: Kevin Esh
• Seller's Representative: Udi Eliasi - Compass

Kevin Esh represents Lockhill Properties in this transaction, facilitating the acquisition from the Miller Family, who were represented by Udi Eliasi of Compass. The sale reflects a strategic move in the multi-family market within this affluent Manhattan neighborhood.