Atlas Capital Group acquires mixed-use East Village property for $112.25M

NEW YORK, N.Y., Jan. 21, 2026 – JLL Capital Markets announced today that it has arranged the $112.25 million all-cash sale of 250 East Houston St., a 13-story, mixed-use residential and retail property located in Manhattan’s East Village.

JLL represented the New York operator and institutional investor in the sale and procured the buyer, Atlas Capital Group, a New York-based investment, development, and management firm. 

Situated in the vibrant East Village submarket, 250 East Houston St. comprises 130 residential units and approximately 9,100 square feet of ground-floor retail space. The residential component is predominantly fair-market, with a unit mix of studios, one-bedroom, two-bedroom and three-bedroom apartments, many of which feature private outdoor space. The property also offers a full suite of amenities, including a fitness center, resident lounge, rooftop terrace, business center and 24-hour concierge service.

Originally built in 1989 and extensively renovated in 2017, the property has benefited from significant capital investment, institutional ownership and management. Its highly visible retail frontage along East Houston Street is nearly fully leased to a diverse mix of national and neighborhood tenants.

The JLL Capital Markets team representing the seller was led by Senior Managing Directors Rob Hinckley and Jeffrey Julien, Managing Directors Steven Rutman and Guthrie Garvin and Director Devon Warren. The team has been ranked as the leading New York multi-housing sales team for the last four years by Real Estate Alert, a Greenstreet publication.

Said Hinckley, “New York City’s multifamily market continues to demonstrate exceptional resilience, supported by historically low vacancy, limited new supply and sustained renter demand across core neighborhoods. Well-located, institutional-quality assets like 250 East Houston St. are attracting strong investor interest as buyers position themselves for durable cash flow in Manhattan.”

The East Village location provides residents with immediate access to dining, nightlife, cultural attractions and multiple subway lines, offering convenient connectivity to Midtown and Downtown Manhattan.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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