GAIA Real Estate Acquires Mixed-Use Property In Lower East Side For $14M

The mixed-use property located at 106 Norfolk St. in the Lower East Side has been sold in a recent transaction. The property, spanning 15,429 square feet, was acquired by GAIA Real Estate for a total sale price of $14,000,000, reflecting a price per square foot of $907.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $14,000,000
• Address: 106 Norfolk St.
• Market: Lower East Side
• Square Footage: 15,429

The deal was facilitated by the broker team consisting of Bob Knakal, Guthrie Garvin, Jonathan Hageman, and Jack Norton of JLL. They represented the buyer, GAIA Real Estate, during the transaction.