EcoRise Development Acquires Mixed-use Property In Greenwich Village For $36M With Buyer's Rep Lipa Lieberman

Located in the heart of Greenwich Village, the mixed-use property at 159-161 Bleecker Street has been sold in a closed transaction for a price of $36,000,000. The property spans across 30,000 square feet and is valued at approximately $1,200 per square foot. This transaction involved the buyer, EcoRise Development, represented by Michael & Cynthia Schlegel, and the seller, Joyland Group, represented by Joel Wertzberger. The deal was facilitated by brokers Lipa Lieberman, Abie Kassin, Brian Gladstone, and David Schechtman.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $36,000,000
• Address: 159-161 Bleecker Street
• Market: Greenwich Village
• Square Footage: 30,000
• Price per Square Foot: $1,200

EcoRise Development, led by Michael & Cynthia Schlegel, acquired the property from Joyland Group, represented by Joel Wertzberger. The transaction was successfully completed with the assistance of brokers Lipa Lieberman, Abie Kassin, Brian Gladstone, and David Schechtman. This acquisition marks a significant milestone for EcoRise Development, further expanding their presence in Greenwich Village.