John Illibassi Acquires Multifamily Property On East 7th Street In East Village For $7M

The multifamily property located at 81 East 7th Street in the East Village of Manhattan has been sold in a recent transaction. The sale was facilitated by Cassandra Frank from Highline Residential. The property spans 9,390 square feet and is comprised of 7 units. The sale price for this transaction was $7,000,000, resulting in a price per square foot of $745 and a price per unit of $1,000,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $7,000,000
• Market: East Village, Manhattan
• Square Footage: 9,390
• Units: 7

John Illibassi was the buyer in this transaction, while Bruce Gomez acted as the seller. Cassandra Frank from Highline Residential represented both parties as the broker. This sale represents a significant investment opportunity in the East Village multifamily market.