The multifamily property located at 504-508 East 12th Street in the East Village of Manhattan has been sold in a closed transaction. The property consists of 58 units with a price per unit (PPU) of $336,207. The total square footage of the property is 30,856, resulting in a price per square foot (PPSF) of $632. The sale price for this transaction was $19,500,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $19,500,000
• Units: 58
• Price per Unit (PPU): $336,207
• Square Footage (SF): 30,856
• Price per Square Foot (PPSF): $632

The seller of this property was Kushner Companies. The deal was facilitated by the broker representatives from Marcus & Millichap, namely Joe Koicim, Logan Markley, Zan Colin, and Matt Berger.