Robert Spitalnick Sells Mixed-Use Property At 114 East 1st Street For $7.3M

The property asset involved in this transaction is a mixed-use building located at 114 East 1st Street, New York. The sale price of the property was $7,300,000. It consists of 30 units, with a price per unit (PPU) of $243,333. The total square footage of the asset is 17,610, resulting in a price per square foot (PPSF) of $414.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $7,300,000
• Units: 30
• Price per Unit: $243,333
• Square Feet: 17,610
• Price per Square Foot: $414
• Seller: Robert Spitalnick
• Brokers: Jonathan (Jon) Schwartz, Henry Barnathan & David Schechtman - Meridian Capital Group

The deal was facilitated by the team from Meridian Capital Group, specifically Jonathan (Jon) Schwartz, Henry Barnathan, and David Schechtman, who represented the seller, Robert Spitalnick, in this transaction.