Ori Kushnir Acquires 7-Unit Multifamily In East Village For $9.3 Million

Ori Kushnir has purchased a seven-unit residential walk-up building located at 78-80 St. Marks Place in Manhattan's East Village. The property was sold for $9.3 million by Lawrence Otway, Lorcan Otway, and Eugenie Otway. This multifamily asset consists of 7 units with an average price per unit of $1,326,501. The building has a total gross square footage of 19,500, with an average price per square foot of $476. The total square footage of the property is 14,400, resulting in an average price per square foot of $645.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $9,285,510
• Address: 78-80 Saint Marks Place
• Market: East Village, Manhattan
• Buyer: Ori Kushnir
• Seller: Lawrence Otway, Lorcan Otway, & Eugenie Otway
• Units: 7
• Price Per Unit: $1,326,501
• Gross Square Footage: 19,500
• Price Per Gross Square Foot: $476
• Total Square Footage: 14,400
• Price Per Square Foot: $645

It is noteworthy that Ori Kushnir acquired this seven-unit residential walk-up building at 78-80 St. Marks Place for $9.3 million from Lawrence Otway, Lorcan Otway, and Eugenie Otway.