Kushner Cos. has sold a five-building, 79-unit mixed-use portfolio in the East Village for $41.15 million, according to Marcus & Millichap, which arranged the sale. This is the second transaction by Kushner Cos. in recent months: In December it sold a six-building portfolio for $57 million.
The Marcus & Millichap team of Joe Koicim, Logan Markley, Matthew Berger and Zan Colin of the NYM Group completed both transactions. The buyers were not named.
The 42,465-square-foot portfolio includes two tax-class-protected buildings and is 89% free market, according to Koicim. He adds that the sale "is an indication that capital is coming off the sidelines in pursuit of Manhattan multifamily assets."
Recommended For You
Located at 170-174 East 2nd St., 49 1/2 First Ave., 23 Ave. A, and 325 East 10th St., the portfolio consists of 73 apartments and six commercial units.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
