Moll family, Maximilian Dresse pay $4M for multifamily property in East Village

The Moll family and Maximilian Dresse paid the Elizabeth Mazewski family trust and Linda Mazewski’s 216 East 5th Street Management, LLC $4 million for 216 East 5th Street in East Village. The deal closed on July 20, 2020, and was recorded on August 3, 2020. The transaction consists of 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 12 residential units. The property is 6,853 square feet. The parcel(s) have total development potential of 9,230 square feet.
The sale price per unit is $333,333.

The contract date was April 2, 2020. Five members of the Moll family each acquired an 18 percent stake, while Dresse has a 10 percent stake.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link