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BKREA represented the sale of 81 East 3rd Street, a 36,047-square-foot student housing property located in Manhattan's East Village. The property sold to Hawkins Way Capital for $28 million, or approximately $776 per square foot, with the transaction closing on June 16, 2026.
Bob Knakal and Anahis Barrie of BKREA handled the transaction, leveraging the firm's proprietary database, targeted buyer outreach, and proactive follow-up strategy to generate buyer interest shortly after marketing began. The transaction highlights BKREA's ability to connect specialized real estate assets with qualified investors through focused marketing and established industry relationships.
The property sold for $28 million, representing a notable transaction in Manhattan's specialized student housing market.
Located at 81 East 3rd Street, the property benefits from its position in the East Village, a Manhattan neighborhood known for its proximity to educational institutions, public transportation, and residential amenities.
The property encompasses approximately 36,047 square feet, offering investors an established student housing asset in a dense urban market.
The reported sale price equates to approximately $776 per square foot, providing a transaction benchmark for investors evaluating comparable specialized properties.
Hawkins Way Capital acquired the property, adding to its activity in the student housing sector.
Bob Knakal and Anahis Barrie used BKREA's proprietary internal database and direct buyer follow-up to engage a qualified purchaser soon after the marketing process commenced.
The sale of 81 East 3rd Street demonstrates the importance of specialized buyer relationships and targeted marketing in student housing investment sales. Properties serving specific institutional or residential needs often require a focused approach to identify investors with the appropriate experience and investment objectives.
By combining proprietary market intelligence with direct outreach, BKREA helped connect the property with Hawkins Way Capital, illustrating the value of an organized and relationship-driven investment sales process.
Where is 81 East 3rd Street located?
The property is located in Manhattan's East Village, a well-established neighborhood with access to transportation, educational institutions, and local amenities.
How much did 81 East 3rd Street sell for?
The student housing property sold for $28 million, or approximately $776 per square foot.
Who purchased the property?
Hawkins Way Capital acquired the property.
Who represented the transaction?
Bob Knakal and Anahis Barrie of BKREA represented the transaction.
How large is the property?
The building encompasses approximately 36,047 square feet.
What does this transaction demonstrate about BKREA's approach?
The transaction highlights BKREA's use of proprietary data, targeted buyer outreach, and established investor relationships to market specialized commercial real estate assets.
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