Zach of EPIC Commercial sells East Village assemblage for $12.25 million; Marrache of Carmar Development sells mixed-use site to Rybak Development

Manhattan, NY According to EPIC Commercial Realty, the firm has completed the sale of the East Village assemblage: 24 1st Ave. and 99 East 2-nd St. Two adjacent existing buildings form an L-shaped development site in the East Village neighborhood.

Shay Zach of EPIC Commercial Realty sold the East Village assemblage for $12.25 million, representing the seller, Uri Marrache of Carmar Development LLC, and the buyer, Rybak Development Group. The deal was financed by G4 Capital Partners.

Read full article here