Icon Realty Management Sells Greenwich Village Multifamily For $16.25M With Brokers Brandon Polakoff & Ryan McGuirl

The multifamily property located at 51 W. 11th St. in Greenwich Village has been sold for a price of $16,250,000. The property consists of 14 units, with an average price per unit of $1,160,714. The total square footage of the property is 8,628, resulting in a price per square foot of $1,883.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $16,250,000
• Units: 14
• Price per Unit: $1,160,714
• Square Footage: 8,628
• Price per Square Foot: $1,883

The sale was facilitated by Brandon Polakoff and Ryan McGuirl from Avison Young, representing the seller, Icon Realty Management. Terrence Lowenberg also represented the seller in the transaction.