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Thursday, March 11, 2010 Multi-Family
Two five-story townhouse properties and a development site in the East Village section of Manhattan have sold recently in all-cash transactions for a combined $20.775 million. Massey Knakal Realty Services represented the seller in all three transactions. The site at 644 E. 14th St., on the corner of East 14th Street and Avenue C in Manhattan's East Village, has buildable square footage of approximately 36,125 square feet for residential use or 68,262 square feet for a community facility. The buyer is a limited liability company controlled by Arun Bhata. The sale price was $12.3 million. A five-story townhouse at 306 E. 15th St. includes 7,425 square feet benefits from 25-foot width and direct views of Stuyvesant Square Park. It was sold by an affiliate of Cofinance Inc. to Stuyvesant Square Brownstone for $5.175 million. Stuyvesant will develop the property into an Orthopedic Learning and Research Center with residential use above. The townhouse at 78 E. 2nd St. is a three-family property that will be converted into a single-family residence for a well-known artist. The sale price was $3.3 million. The buyer was represented by Brown Harris Stevens. Address: 644 E. 14th St., New York, N.Y. - 306 E. 15th St., New York, N.Y. - 78 E. 2nd St., New York, N.Y. Size: 75,687 square feet Filed Under: Multi-Family E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us Comments on this article
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