Global Asset Properties Acquires Retail Condo Units From David Lichtenstein For $7.7M

The asset involved in this transaction is a condo located at 485 7th Avenue in the Garment District, Manhattan. The condo measures 3,846 square feet and was sold for a transaction price of $7,700,000, resulting in a price per square foot of $2,002.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $7,700,000
• Sale Date: 10/31/2025
• Buyer: Global Asset Properties
• Seller: David Lichtenstein - Lightstone Group
• Square Footage: 3,846
• Price per Square Foot: $2,002

Global Asset Properties acquired two retail condo units from David Lichtenstein, who is associated with Lightstone Group. The seller had previously secured $15.2 million in debt in 2021, which was approximately double the sale price of the condo units in this transaction.