Lockhill Properties Buys Two-Building East Village Package for $11M
Lockhill Properties has acquired two adjoining, five-story, walk-up buildings in Manhattan’s East Village. The properties, mainly free-market, were sold for $10.8 million, equivalent to $802 per square foot. The seller, a long-term private investor who owned the buildings for over 30 years, was not identified.
Located 175-177 East 3rd St., the buildings offer a total of 13,461 square feet of above-grade space, comprising 20 one-bedroom apartments, some of which have basement duplexes.
JLL arranged the transaction with a team led by Hall Oster, Teddy Galligan, and Guthrie Garvin, .
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.