Located in the NoLiTa neighborhood, the mixed-use property at 240 Elizabeth Street has changed hands in a recent transaction. The property consists of 9 units and spans a total of 6,269 square feet. The sale price for this transaction was $4,700,000, resulting in a price per unit of $522,222 and a price per square foot of $749. The sale marks the first time the property has been sold in over 40 years.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $4,700,000
• Address: 240 Elizabeth Street
• Market: NoLiTa
• Buyer: Habif Real Estate – David Habif & Lenny Sporn
• Seller: Albanese Family
• Broker: Joe Koicim & Peter Dodge - New York Multifamily
• Units: 9
• Price per unit: $522,222
• Square footage: 6,269
• Price per square foot: $749

The transaction was facilitated by Joe Koicim and Peter Dodge of New York Multifamily, who represented the buyer and seller respectively. Habif Real Estate, led by David Habif and Lenny Sporn, acted as the buyer in this deal. This sale presents a unique opportunity for the buyer to own a property in a highly sought-after location in NoLiTa.