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Avison Young Arranges $38M Sale of East Village MF Portfolio
Avison Young has arranged the $38 million sale of an East Village multifamily portfolio for the Eis family. The eight properties total 82,245 square feet with 108 units (99 apartments, 9 retail units). Three NY-based multifamily owners bought the portfolio and will manage the properties.
The properties are located at:
- 110 East 1st Street (15,540-sf; 24 residential units)
- 60-62 Second Avenue (23,634-sf; 24 residential units, two commercial)
- 58 Second Avenue (5,817-sf; four residential units, one commercial)
- 105 First Avenue (6,311-sf; four residential units, two commercial)
- 107 First Avenue (8,507-sf; eight residential units, 1 commercial)
- 109 First Avenue (5,705-sf; eight commercial units, two commercial)
- 425 East 6th Street (9,648-sf; 18 residential units)
- 543 East 6th Street (7,083-sf; nine residential units, one commercial)
Avison Young’s Brandon Polakoff and Ryan McGuirl, from the NYC office, represented the Eis family. The buyers were represented by in-house counsel. “Multifamily has continued to outperform other asset classes within the investment sale market in Manhattan,” said Polakoff.
- ◦Financing
