Status Capital Acquires Mixed-Use Property In NoLita For $5.5M With Bobby Carrozzo & Robert Burton As Brokers

Located in the NoLita neighborhood, the mixed-use property at 19 Prince Street has recently been sold in a closed transaction. The deal was finalized on January 25, 2022, with a sale price of $5,500,000. The property spans a total of 4,045 square feet, resulting in a price per square foot of $1,359. This transaction was facilitated by Bobby Carrozzo and Robert Burton from Cushman & Wakefield, representing the buyer, Status Capital, which includes Ralph Sitt and Barry Sitt.

The transaction involved Status Capital as the buyer, with their representatives, Ralph Sitt and Barry Sitt. The buyer was assisted by Bobby Carrozzo and Robert Burton from Cushman & Wakefield. The property was listed with an asking price of $5,100,000. The sale price exceeded the initial asking price, highlighting the demand and value of this mixed-use asset in the NoLita market.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $5,500,000
• Address: 19 Prince Street
• Market: NoLita
• Square Footage: 4,045
• Price per Square Foot: $1,359
• Buyer: Status Capital - Ralph Sitt & Barry Sitt
• Brokers: Bobby Carrozzo & Robert Burton - Cushman & Wakefield