Efficiency Capital Advisors Acquires Mixed-Use Property In Greenwich Village, Manhattan For $14.3M

The mixed-use retail and residential asset located at 228 Thompson in the Greenwich Village market of Manhattan features a total of 7,128 square feet. This property was sold for $14,300,000, equating to a price per square foot of $2,006. The asset includes 9 residential units with a price per unit of $1.58 million.

Summary of transaction details:

• Property Type: Mixed-Use Retail Resi
• Transaction Amount: $14,300,000
• Square Footage: 7,128
• Price per Square Foot: $2,006
• Number of Units: 9
• Price per Unit: $1.58 million
• Seller: @IconRealty
• Buyer: Efficiency Capital Advisors
• Broker: @Cushwake – Hall Oster, Teddy Galligan, and Tim O’Brien

The transaction involved key individuals Terrence Lowenberg, Ernest Jaffarian, and Todd Cohen, who were likely instrumental in facilitating this deal. The brokerage firm involved in the transaction provided representation for the seller, contributing to the successful completion of this real estate transaction.