The East 4th Property consists of three contiguous buildings and one detached building constructed between 1900 and 1913 in Manhattan’s East Village. The buildings are four story walk-up properties with one commercial tenant. In total, the East 4th Property has 48 apartments; 2 studio apartments, 31 one bedroom and 14 two bedroom units. In 1998, Margules Properties acquired the properties.
The East Village is an important residential and cultural area of New York and has been considered one of the strongest contributors to the American arts and culture over the past 100 years. The neighborhood, which is part of the larger Greenwich Village, has experienced significant socio-economic development during the past decade.
The East 4th Property is a short distance from Tompkins Square Park, the East River Park and the New York University campus. The location allows for easy access to the array of cultural offerings in the Village and benefit from its continued economic development.