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Multifamily Property in Manhattan's East Village Sells for Over $14 Million

Real Estate Investment Firm Parts With the Five-Story, 23-Unit Building
The apartment building on 47 E. 7th St. in the East Village sold for $14.45 million as part of a 1031 exchange. (CoStar)
The apartment building on 47 E. 7th St. in the East Village sold for $14.45 million as part of a 1031 exchange. (CoStar)
By Alex Powers
CoStar Research
February 16, 2024 | 6:34 P.M.

Morgenstern Capital, a New York-based real estate investment firm, last month sold a 16,060-square-foot, 23-unit multifamily building for $14.45 million, or $628,261 per unit.

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