Davean Holdings Acquires Multifamily Property In East Village, Manhattan For $6.14M

An eight-unit multifamily property located at 47 Saint Marks Pl. in the East Village, Manhattan, was recently sold for a total of $6,140,000. The transaction was completed on November 12, 2021. The property spans a total of 8,125 square feet, resulting in a price per square foot of $755. The buyer, Davean Holdings, was represented by Sean Lefkovits and David Lloyd, while the seller was Angela Sobrino.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,140,000
• Units: 8
• Price per Unit: $767,500
• Square Footage: 8,125
• Price per Square Foot: $755
• Market: East Village, Manhattan

The buyer's representatives from Davean Holdings in the deal were Sean Lefkovits and David Lloyd. The seller was represented by Brandon Polakoff, Eric Karmitz, and Ryan McGuirl from Avison Young. The property features 15 ft ceilings and is located in a prime East Village location on a tree-lined townhouse block.

Additional details provided in the note from Davean Holdings include the property being classified under Tax Class 2B and a price per square foot of $750. These details further add to the desirability and value of the property.