Gregg L. Schenker Of ABS Real Estate Partners Acquires Mixed-Use Building In Tribeca For $9.6M

A mixed-use property located at 407 Broadway in the Tribeca market of Manhattan was involved in a sale transaction. The property has a sale price of $9,600,000 and encompasses 15,914 square feet, resulting in a price per square foot of $603.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $9,600,000
• Address: 407 Broadway
• Market: Tribeca, Manhattan
• Buyer: Gregg L. Schenker - ABS Real Estate Partners
• Seller: Steven Hornstock, Peter Burack & Kayden Family
• Debt Refinanced: $8,500,000
• Additional Stake Acquired: 76.5%

The transaction was carried out by Gregg L. Schenker representing ABS Real Estate Partners in the acquisition of the property from sellers Steven Hornstock, Peter Burack, and the Kayden Family. This acquisition signifies a strategic investment in the mixed-use sector of Tribeca.