UBS Acquires Mixed-Use Property In East Village For $34M

A mixed-use property located at 19 St. Marks Pl. in the East Village neighborhood has been sold in a transaction. The property consists of 41 residential units and 5 retail units, with a total of 37,000 square feet. The sale took place on April 24, 2020, and the property was purchased by UBS from Cape Advisors. The sale price for the property was $34,000,000, resulting in a price per square foot of $918.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $34,000,000
• Address: 19 St. Marks Pl.
• Market: East Village
• Buyer: UBS
• Seller: Cape Advisors
• Brokers: Jeff Julien, Rob Hinckley, Steve Rutman, Guthrie Garvin - JLL

The deal was facilitated by JLL, with brokers Jeff Julien, Rob Hinckley, Steve Rutman, and Guthrie Garvin representing the parties involved in the transaction. The property's diverse mix of residential and retail units adds to its appeal in the East Village market. This successful sale highlights the strong demand for mixed-use properties in this area.