Stone Street Properties Acquires Mixed-Use Property In Manhattan For $18.4M

The mixed-use property located at 151 Eighth Avenue in Manhattan has been sold for a total price of $18,400,000. The property spans across 14,375 square feet, resulting in a price per square foot of $1280. It consists of 18 units, including 16 apartments and 2 retail units.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $18,400,000
• Square Footage: 14,375
• Price per Square Foot: $1280
• Unit Breakdown: 16 apartments and 2 retail units

The seller of the property was Roy Savelli, while the buyer was Stone Street Properties, represented by Jeffrey Kaye. The transaction was facilitated by Brock Emmetsberger, Billy Simons, and Rachel Aschendorf of CushWake.