David Speiser Acquires Old Law Tenement In East Village, Manhattan For $9.5M

An Old Law Tenement located at 514 East 12th Street in the East Village neighborhood of Manhattan has been sold. The property, with a lot size of 2,570 square feet and dimensions of 25 ft x 103.25 ft, was sold on May 12, 2021, for a price of $9,482,177. The building has a building square footage (BSF) of 10,324, translating to a price per BSF (PPBSF) of $918. The total area of the property is 9,730 square feet, resulting in a price per square foot (PPSF) of $974. The property is zoned as R8B in accordance with the local zoning regulations.

Summary of transaction details:

• Property Type: Old Law Tenement
• Transaction Amount: $9,482,177
• Market: East Village, Manhattan
• Buyer: David Speiser
• Seller: David Goldwasser

The transaction involved David Speiser as the buyer and David Goldwasser as the seller. The property had previously been sold on September 10, 2015, for a price of $7,140,000. An alteration permit of type 2 was obtained on February 15, 2018. The property falls under tax class 2 and has a floor area ratio (FAR) of 3.77.

Note: No further details were provided regarding financing, brokers involved, or any additional permits or alterations on the property.