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The Moezinia Family Purchases Mixed-Use Property From The Fung Family For $6.45M In Little Italy

Property Image
SOLD
$6,452,026

New York

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Mixed-use11,500 SF
Sold 10/02/2024
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Property Image
SOLD

The Moezinia Family Purchases Mixed-Use Property From The Fung Family For $6.45M In Little Italy

271 Canal Street

See Similar Deals
Mixed-use11,500 SF
Sold 10/02/2024
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$561
Total Square Footage:11,500 SF
Transaction Type:Sale

The transaction involved a mixed-use property located at 271 Canal Street in the Little Italy market of Manhattan. The sale price for the asset was $6,452,026, encompassing a total square footage of 11,500, which results in a price per square foot of $561.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $6,452,026
  • Address: 271 Canal Street
  • Market: Little Italy, Manhattan
  • Square Footage: 11,500
  • Price per Square Foot: $561
  • Buyer: The Moezinia Family
  • Seller: The Fung Family
  • Buyer’s Representatives: Joshua Malekan - Bridge Advisory Group & Nathaniel Smith - Oxford Property Group
  • Seller’s Representative: Joshua Malekan - Bridge Advisory Group

This transaction was completed rapidly, taking only 35 days from the time of contract execution. Joshua Malekan represented both the buyer and seller, highlighting the brokerage's efficiency in facilitating real estate transactions, especially pertaining to off-market assets in Manhattan and Brooklyn.

Players

Joshua Malekan
Bridge Advisory Group
Joshua Malekan
36 deals$130.7M volume
BROKER

Details

SOLD
IMAGE: Joshua Malekan DATE: 10/02/2024 ADDRESS: 271 Canal Street MARKET: Little Italy, Manhattan ASSET TYPE: Mixed-use BUYER: The Moezinia Family SELLER: The Fung Family BUYER’S REP: Joshua Malekan (@ShlomoMalekan) - Bridge Advisory Group & Nathaniel Smith - Oxford Property Group (@OxfordSpireGroup) SELLER’S REP: Joshua Malekan (@ShlomoMalekan) - Bridge Advisory Group (@BridgeaAdvisory.NY) SALE PRICE: $6,452,026 SF: 11,500 ~ PPSF: $561 NOTE FROM BROKER: At Bridge Advisory Group, we pride ourselves on our comprehensive approach to real estate. As a newly launched brokerage, we specialize in off-market assets within the vibrant markets of Manhattan and Brooklyn. Our expertise extends beyond investment sales; we offer a full suite of services to meet all your real estate needs. Our services include: - Investment Sales: Our knowledgeable team is dedicated to identifying and securing lucrative investment opportunities. - Leasing Team: We provide expert leasing services, ensuring optimal tenant placements for your properties. - In-House Attorneys: Our legal team is available to navigate the complexities of real estate transactions, ensuring compliance and protection. - Management Group: We offer professional property management services to maintain and enhance your asset's value. - Loan Origination: Our financing experts assist in securing the best loan options tailored to your investment strategy. - Syndications: We facilitate syndication opportunities, allowing investors to pool resources for larger acquisitions. We recently completed a remarkable deal in just 35 days TOE contract, delivering a property that was 100% vacant. This swift turnaround exemplifies our efficiency and dedication to achieving the best outcomes for our clients. Whether you're looking to buy, sell, lease, or manage a property, the Bridge Advisory Group is here to guide you every step of the way. Cofounder Information: Joshua Malekan: (516) 761-4777 Email: [email protected]

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