David Speiser Acquires Multifamily Property At 510 East 12th Street In East Village For $9.9M

A multifamily property located at 510 East 12th Street in East Village, Manhattan has been sold in a closed transaction. The property is zoned as R8B and has a total of 10,092 square feet of space. The sale took place on May 12, 2021 for a price of $9,923,209. The buyer of the property is David Speiser and the seller is David Goldwasser.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $9,923,209
• Market: East Village, Manhattan
• Zoning: R8B

The property has a buildable square footage (BSF) of 10,324, with a price per BSF (PPBSF) of $961. The total lot size is 2,570 square feet, and the lot dimensions are 25 ft x 103.25 ft. The property has a floor area ratio (FAR) of 3.91 and is classified as tax class 2.

• Square Footage (SF): 10,092
• Price per Square Foot (PPSF): $983
• Last Sale Price: $5,200,000 (9/10/2015)
• Permits: Alteration type 2 (02/15/2018)

It is important to note that this transaction represents a significant increase in the sale price compared to the previous sale in 2015, which was $5,200,000. The property has undergone alterations as indicated by the permits obtained in 2018.