Marcus & Millichap Sells Mixed-Use Building In New York City For $23M With Kao Family As Seller

The mixed-use property located at 150 Lawrence Street in New York City has been sold for $23,000,000. Spanning across 19,437 square feet, the property was transacted at a price per square foot of $1,183. The sale was completed by the Kao Family, who served as the sellers in this deal. Marcus & Millichap represented the sellers, with brokers Shaun Riney, Michael Salvatico, and Robert Ferman facilitating the transaction.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $23,000,000
• Square Footage: 19,437
• Price Per Square Foot: $1,183
• Address: 150 Lawrence Street, New York City
• Seller: The Kao Family
• Brokers: Shaun Riney, Michael Salvatico, and Robert Ferman - Marcus & Millichap

This successful sale involved the collaboration of the Kao Family as the sellers and the brokerage team from Marcus & Millichap, consisting of Shaun Riney, Michael Salvatico, and Robert Ferman. These individuals played crucial roles in negotiating and finalizing the transaction, ensuring a smooth and efficient process.