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165 Eldridge Street
SOLD

FREO U.S. Management Acquires Mixed-Use Property On Lower East Side For $19.25M

165 Eldridge Street

Mixed-use
62,500 SF
clock iconSold 1 year ago
Stephen Tang-Alcala
Andrew Cohen
Robert Khodadadian
+ 4
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Summary

Sale
NEW YORK
Mixed-use
62,500 sqft

An office and residential mixed-use property located at 165 Eldridge St. in the Lower East Side has been sold for $19,250,000. The transaction took place on 05/13/2022. The property spans a total of 32,700 square feet, resulting in a price per square foot of $589. The buyer, FREO U.S. Management represented by Meng Lee and Karim Elsayyad, acquired the property from School Yard Enterprises, with Greg Kourakos as the seller.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $19,250,000
  • Date: 05/13/2022
  • Address: 165 Eldridge St.
  • Market: Lower East Side
  • Buyer: FREO U.S. Management - Meng Lee & Karim Elsayyad
  • Seller: School Yard Enterprises - Greg Kourakos
  • Buyer's Representatives: Robert Khodadadian, Daniel Shirazi, & Stephen Tang-Alcala - Skyline Properties
  • Square Footage: 32,700
  • Price per Square Foot: $589

The buyer of the property, FREO U.S. Management, was represented by their agents Robert Khodadadian, Daniel Shirazi, and Stephen Tang-Alcala from Skyline Properties. Their expertise and negotiation skills facilitated the successful acquisition of this mixed-use property in the Lower East Side market.

Players

  • All

    8

  • Agents

    6

  • Agencies

    2

Stephen Tang-Alcala's profile picture
Stephen Tang-Alcala
Skyline Properties-image
Director
$51.3M Sold
Andrew Cohen's profile picture
Robert Khodadadian's profile picture
Marko Kazanjian's profile picture

Details

Deal Summary
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SOLD
IMAGE: Robert Khodadadian, Daniel Shirazi, Meng Lee, Stephen Tang-Alcala & Karim Elsayyad DATE: 05/13/2022 ADDRESS: 165 Eldridge St. MARKET: Lower East Side ASSET TYPE: Mixed-use BUYER: FREO U.S. Management - Meng Lee & Karim Elsayyad SELLER: School Yard Enterprises - Greg Kourakos BUYER’S REP: Robert Khodadadian (@Robert_Khodadadian), Daniel Shirazi (@ShiraziEsq) & Stephen Tang-Alcala (@Stephen_Alcala) - Skyline Properties (@SkylineProperties) (@GroundLease) SALE PRICE: $19,250,000 SF: 32,700 ~ PPSF: $589

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Address165 Eldridge Street

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