Benchmark Real Estate Group pays $4.7M for 20-unit property in East Village

Benchmark Real Estate Group through the entity Benchmark 17 LP paid Carl Wallman Revocable Trust’s 17 East Real Estate LLC $4.7 million for 17 East 7th Street in East Village. The deal closed on July 9, 2020, and was recorded on July 30, 2020. The transaction consists of 1 parcel, including the tax class multifamily, converted dwelling or rooming house (C5) and containing 20 residential units. The property is 7,280 square feet. The parcel(s) have total development potential of 7,807 square feet.
The sale price per unit is $233,750.

The contract date was February 7, 2020. The last time the property sold was March 26, 2015, for $6,181,500.

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