Massey Knakal broker Joseph Sitt, the exclusive agent on thesale, tells that the seller, Emmut Properties hopes toattract multifamily operators, but he did not disclose any reasonsfor selling. The paint is still drying, Sitt says, noting that thebuilding, located between avenues A and B, is a newconstruction.


The building, located three blocks from the subway, was builtenergy efficient in 2008. The units are broken down into 13studios, seven one-bedrooms, five two-bedrooms, one three-bedroomand seven community facility units. The property containsapproximately 32,870 sf.


Sitt notes that potential buyers will be attracted to the factthat the building is energy efficient "with individual PTAC[Packaged Terminal Air Conditioner] units, and will be virtuallymaintenance free."


Sitt continues that "elevator apartment buildings rarely tradein the East Village, and no others are on the market that I'm awareof right now," he says. "Asking price of $528 per sf is inline withother building classes currently on the market in the area, butmost of those were built circa 1900s. This was built high end in2008 with an elevator, and is ADA compliant."


No bid date has been set as of yet. Sitt says that "despite poormarket conditions, buyers have shown significant interest."

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Natalie Dolce

Natalie Dolce, editor-in-chief of and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel,, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including and Museums New York magazine.