Lionel Nazarian Acquires 10-Unit Multifamily In East Village Manhattan For $5.25M

The multifamily property located at 519 East 6th Street in the East Village neighborhood of Manhattan has been sold for $5,250,000. The property spans 7,295 square feet and consists of 10 units, resulting in a price per unit of $525,000. The asking price and sale price for the property were the same, indicating a successful transaction. The price per square foot for the property is $720.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $5,250,000
• Address: 519 East 6th Street, East Village, Manhattan
• Market: East Village, Manhattan
• Square Footage: 7,295
• Units: 10
• Price per Unit: $525,000
• Price per Square Foot: $720

Loraine Kinyk and Darlene Hart served as the sellers of the property, while Lionel Nazarian was the buyer. The transaction was facilitated by brokers Justin Zeitchik, Adam Lobel, and Zachary Ziskin. Other details regarding the deal's key individuals and companies are not available.