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New York & Tri-State  + Downtown New York  + Apartments  | 

East Village Mixed-Use Portfolio Sold for $57M  

A limited liability company associated with David Gleitman’s Targo Capital Partners has acquired a six-building mixed-use portfolio in East Village from Kushner Companies for $57 million.  

The portfolio, comprising 109 apartments and one commercial unit, is 79% non-rent-stabilized and spans over 59,000 gross square feet. The assets include three tax-class-protected buildings and an elevator building. The properties are located at 118-120 East 4th Street, 199-203 East 4th Street, and 315 East 10th Street.  

Joe Koicim, Logan Markley, Matthew Berger, and Zan Colin of the NYM Group of Marcus & Millichap represented the seller and procured the buyer. “This 79% non-rent-stabilized portfolio includes three tax-class-protected buildings, an elevator building, and spans over 59,000 gross square feet,” said Koicim. “Acquired with attractive, assumable in-place debt, the assets are poised to generate income and appreciation for the buyer over the long term.” 

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Joe Koicim

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

  • ◦Sale/Acquisition
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