CNY Group Acquires Mixed-Use Building In Tribeca From Krinos Holdings For $35.6 Million

The mixed-use building at 143 Franklin Street, located in Tribeca, Manhattan, encompasses a total square footage of 33,800 with a sale price of $35,600,000. The building features 35,511 building square feet with a price per building square foot of $1,003 and a price per square foot of $1,053.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $35,600,000
• Building Square Feet: 35,511
• Price per Building Square Foot: $1,003
• Square Feet: 33,800
• Price per Square Foot: $1,053
• Buyer: Kenneth Colao - CNY Group
• Seller: Eric Moscahlaidis - Krinos Holdings
• Date of Transaction: 12/31/2024

Kenneth Colao, representing CNY Group, has acquired the property from Eric Moscahlaidis of Krinos Holdings, with future plans focusing on cash flow utilization for the 33,800-square-foot asset.