Allied Realty & Development pays $8M to Gary Blomquist for multifamily property on St Marks Place in East Village

Bahram Hakakian’s Allied Realty & Development through the entity Allied XXXII LLC paid Gary Blomquist’s 16 Saint Marks Place LLC $8.5 million for 16 St Marks Place in the East Village. The deal closed on January 15, 2020, and was recorded on January 31, 2020. The transaction consists of 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 18 residential units. The property is 11,908 square feet. The parcel(s) have total development potential of 12,470 square feet.
The sale price per unit is $470,833.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $101,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link