John Ilibassi pays $11M to 22 St. Marks Place LP for property in East Village

John Ilibassi through the entity Park 80 Holding LLC paid 22 St. Marks Place Limited Partnership $10.7 million for 22 St Marks Place in East Village. The deal closed on October 22, 2019, and was recorded on October 28, 2019. The transaction consists of 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 22 residential units. The property is 1,092 square feet. The parcel(s) have total development potential of 12,492 square feet.
The sale price per unit is $486,364.
The estimated cap rate is 2.6%

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