NMG Tribeca Properties Acquires Mixed-Use Building In Tribeca For $7.5M

NMG Tribeca Properties LLC, led by Sushil Garg, has purchased a mixed-use building located at 154 Reade Street in Manhattan's Tribeca neighborhood. The sale price for this property transaction was $7.5 million.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $7,550,000
• Address: 154 Reade Street
• Market: Tribeca, Manhattan

The buyer, NMG Tribeca Properties LLC, is owned by Sushil Garg. The seller of the property is Mark Kaplan. The building has a square footage of 5,850 and a price per square foot of $1,291. The total buildable square footage is 8,048 with a price per buildable square foot of $938.

NMG Tribeca Properties LLC's acquisition of 154 Reade Street represents a significant investment in the Tribeca neighborhood of Manhattan. The mixed-use building offers a valuable opportunity for redevelopment and will contribute to the ongoing growth and development of the area.