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GlobeSt.com EXCLUSIVE: East Village Site Trades for Nearly $4M

NEW YORK CITY-A vacant two-family building with a retail component changes hands for approximately $3.8 million. The site is adjacent to a NYU dorm.

By Barbara Jarvie | Updated on November 18, 2005

(To read more on the multifamily market, click here.)

NEW YORK CITY-Local developer Emmut Properties picked up a vacant 4,500-sf two-family dwelling with a 2,200 sf ground-level retail component for just under $3.8 million. The seller was Betwill Inc.

The deal closed swiftly and quietly, within a week of the buyer being sourced, never hitting the open market. Situated at 137 East 13th St. between Third and Fourth avenues, the site adjacent to a dormitory operated by New York University on the former Palladium nightclub site.

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