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

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SOLD
$25,700,000

New York

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

150 Lawrence Street

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Mixed-use100,000 SF
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$257
Total Square Footage:100000 SF
Transaction Type:Sale

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.

Players

Michael (Mike) Salvatico
169 deals$777.3M volume(718) 475-4358
BROKER

Shaun Riney
Marcus & Millichap
344 deals$1.7B volume(718) 475-4369
BROKER

Robert (Robbie) Ferman
Newmark
28 deals$299.6M volume(212) 655-0695
BROKER

Details

SOLD
IMAGE: Michael Salvatico, Shaun Riney & Robert Ferman DATE: 02/16/2023 ADDRESS: 150 Lawrence Street MARKET: New York City ASSET TYPE: Mixed-use SELLER: The Kao Family BROKERS: Shaun Riney (@Shaunriney1), Michael Salvatico (@MikeSalvatico) & Robert Ferman (@Bobbie_Brownstone) - Marcus & Millichap (@MarcusMillichap_NY) SALE PRICE: $23,000,000 SF: 19,437 ~ PPSF: $1,183 &Millichap

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