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

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.