Craig Robins Acquires Retail Property In Design District For $14M

The retail property located at 70 Northeast 40th Street in the Design District was recently sold for $14,000,000. The transaction involved a 4,500 square foot space, resulting in a price per square foot of $3,111. The sellers of the property were the Gindi Family & ASG Equities, while the buyer was Craig Robins.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $14,000,000
• Address: 70 Northeast 40th Street
• Market: Design District
• Buyer: Craig Robins
• Seller: Gindi Family & ASG Equities

Tony Arellano and Devlin Marinoff of DWNTWN Realty Advisors represented both sides in this retail property sale. They facilitated the deal between the buyer, Craig Robins, and the sellers, Gindi Family & ASG Equities. This transaction underscores the active nature of the commercial real estate market in the Design District.