Status Capital Acquires Mixed-Use Property In Nolita For $8.5M

A mixed-use property located at 19 Prince Street in Nolita has recently been sold for $8,500,000. The property consists of three units with a total square footage of 4,045, resulting in a price per square foot of $2,101. The buyer of the property is Status Capital, represented by Ralph Sitt. The seller is Adam Woodward. The transaction was facilitated by a team of brokers including Bobby Carrozzo, Robert Burton, and Michael Gembecki from Cushman & Wakefield, as well as Jared Minc from Building Equity Management.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $8,500,000
• Address: 19 Prince Street
• Market: Nolita
• Buyer: Status Capital represented by Ralph Sitt
• Seller: Adam Woodward
• Brokers: Bobby Carrozzo, Robert Burton, and Michael Gembecki from Cushman & Wakefield, Jared Minc from Building Equity Management
• Units: 3
• Price Per Unit: $2,833,333
• Square Footage: 4,045
• Price Per Square Foot: $2,101

The sale of this mixed-use property at 19 Prince Street marks a significant transaction in the Nolita market. Status Capital, represented by Ralph Sitt, acquired the property from Adam Woodward for a total of $8,500,000. The property comprises three units with a combined square footage of 4,045, resulting in a price per square foot of $2,101. The deal was facilitated by a team of brokers including Bobby Carrozzo, Robert Burton, and Michael Gembecki from Cushman & Wakefield, as well as Jared Minc from Building Equity Management.