Tsukaki Co. Acquires 10-Unit Multifamily Property In East Village For $14.35M

The multifamily property located at 205 Avenue A in the East Village neighborhood of New York City has been sold for $14,350,000. The property consists of 10 units, including 9 residential units and 1 retail unit. The total square footage of the property is 9,991, resulting in a price per square foot of $1,436. The previous sale of the property took place in March 2012 for $3,450,000.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $14,350,000
• Address: 205 Avenue A
• Market: East Village
• Units: 10 (9 Resi. & 1 Retail)
• Tax Class: 2B
• Square Footage: 9,991
• Price per Square Foot: $1,436

The buyer of the property is Tsukaki Co., while the seller is Icon Realty. This transaction signifies a significant increase in value compared to the previous sale in 2012. As the property is located in the desirable East Village neighborhood, it offers a prime investment opportunity. Todd Cohen & Terrence Lowenberg represented the property in the transaction.