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

Property Image
SOLD
$9,923,209

New York

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MultiFamily10,092 SF
Sold 05/12/2021
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Property Image
SOLD

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

510 East 12th Street, Manhattan, New York, NY, USA

See Similar Deals
MultiFamily10,092 SF
Sold 05/12/2021
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$983
Total Square Footage:10,092 SF
Transaction Type:Sale

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.

Players

David Speiser
7 deals$84.5M volume
BUYER

David Goldwasser
5 deals$39.5M volume
SELLER

Details

SOLD
IMAGE: 05/12/2021 ADDRESS: 510 East 12th Street MARKET: East Village,Manhattan ASSET TYPE: Multifamily ~ ZONING: R8B BUYER: David Speiser SELLER: David Goldwasser PRICE: $9,923,209 BSF: 10,324 ~ PPBSF: $961 SF: 10,092 ~ PPSF: $983 FAR: 3.91 TAX CLASS: 2 LOT SIZE: 2,570 LAST SALE PRICE: $5,200,000 (9/10/2015) PERMITS: Alteration type 2 (02/15/2018) LOT DIMENSIONS: 25 ft x 103.25 ft

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