Abraham Chetrit pays $4M to Michael Catsimalis for 14-unit rental in East Village

Abraham Chetrit through the entity AAJC 506 LLC paid Michael Catsimalis’s East 24th Street Holding Co. LLC $4 million for 506 East 6th Street in East Village. The deal closed on August 24, 2020, and was recorded on August 25, 2020. The transaction consists of 1 parcel, including the tax class multifamily, old law tenements (C4) and containing 14 residential units. The property is 6,825 square feet. The parcel(s) have total development potential of 7,286 square feet.
The sale price per unit was $282,143.

The contract date was the same as the closing date, August 24, 2020.

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