Robert P. Crozier Acquires Commercial Property On Lower East Side, Manhattan For $4.75M

The commercial property located at 153 East Houston Street in the Lower East Side of Manhattan has been sold for a price of $4,750,000. The property has a building square footage (BSF) of 13,130, with a price per BSF (PPBSF) of $361. The total square footage (SF) of the property is 4,297, with a price per SF (PPSF) of $1,105. The lot size is 2,181 square feet, and the lot dimensions measure 29.25 feet by 74.58 feet. The property falls under the C6-2A zoning classification and is classified under tax class 4. The current FAR (Floor Area Ratio) is 1.97. The property has previously obtained an alteration permit on June 30, 1995.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: $4,750,000
• Market: Lower East Side, Manhattan
• Buyer: Robert P. Crozier
• Seller: Woon Sheung Chan

The buyer in the transaction is Robert P. Crozier, and the seller is Woon Sheung Chan. The deal was closed on July 12, 2022, marking the successful transfer of ownership for this commercial property.