194 East 2nd Street in New York City

Marcus & Millichap Brokers $43 Million Sale of 62-Unit Property in Manhattan

by Channing Hamilton

NEW YORK CITY — Marcus & Millichap has brokered the sale of 194 East 2nd Street, a 62-unit community in the East Village neighborhood of Manhattan. Skyline Developers sold the asset to Benchmark Real Estate Group for $43 million. Skyline Developers originally bought the community in 2000. Joe Koicim, Logan Markley and Matt Berger of Marcus & Millichap represented the seller and procured the buyer in the deal.

194 East 2nd Street comprises 77,000 square feet, including 10,000 square feet of ground floor retail space. The unit mix includes four one-bedroom, 42 two-bedroom, four four-bedroom, three five-bedroom and two six-bedroom units. Amenities include a full-time doorman, two new elevators, outdoor space, study space and laundry rooms on each floor.

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