Nazarian Property Group Acquires Mixed-Use Property On Gay St. & Christopher St. In Manhattan For $12M

In a recent closed property transaction in Manhattan, a mixed-use asset located at 14-18 Gay St. & 16-20 Christopher St. was sold. The property was purchased by Nazarian Property Group, represented by Lionel Nazarian, for a total of $12,000,000. The seller in this transaction was Gopher Group. The property spans approximately 14,500 square feet, resulting in a price per square foot of $828.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $12,000,000
• Square Footage: 14,500
• Address: 14-18 Gay St. & 16-20 Christopher St.
• Market: Manhattan

Lionel Nazarian, from Nazarian Property Group, acted as the buyer's representative in this deal. This transaction showcases the successful collaboration between the buyer and seller, resulting in the acquisition of a valuable mixed-use asset in Manhattan.