Hawkins Way Capital Purchases 81 East 3rd Street Student Housing For $28 Million In Manhattan

The property asset involved in the transaction is located at 81 East 3rd Street in Manhattan's East Village. This student housing asset was sold for a total transaction amount of $28,000,000, encompassing a size of 36,047 square feet, resulting in a price per square foot of $776.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $28,000,000
• Address: 81 East 3rd Street
• Market: East Village, Manhattan
• Square Footage: 36,047
• Price Per Square Foot: $776
• Buyer: Hawkins Way Capital
• Brokers: Bob Knakal & Anahis Barrie - BKREA

The transaction was facilitated by the BKREA team, which achieved this result in record time following the commencement of the marketing phase. Their proactive approach, including client follow-ups and leveraging the proprietary BKREA internal database, was instrumental in bringing the buyer to the table shortly after the listing started.