New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Apartment Sale Illustrates East Village’s Investor Appeal
Avison Young’s Tri-State Investment Sales Group has arranged the sale of 47 Saint Marks Pl. for $6.14 million. The five-story multifamily building, which dates from 1900, includes 10 apartments across 7,990 square feet.
The team of Brandon Polakoff, principal & executive director of Tri-State Investment Sales, and Ryan McGuirl, a senior associate on the team, represented the seller, the Sobrino Family. They also procured the buyer, Davean Holdings.
“The sale of 47 Saint Marks Pl. is a strong indication of the continued multifamily investor interest in the East Village, with its close proximity to NYU and various mass transit options alluring a variety of demographics from students to professionals to families, making it an attractive investment opportunity,” said Polakoff.
- ◦Sale/Acquisition
