Square Advisors Acquires Mixed-Use Property In Manhattan For $21M

The mixed-use property located at 5-7 Mercer Street in Manhattan, New York has been sold in a closed transaction for a price of $21,000,000. The property spans across 21,310 square feet and has a price per square foot of $985. It consists of 11 units, making it an attractive investment opportunity in the market.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $21,000,000
• Square Footage: 21,310 sf
• Price Per Square Foot: $985
• Units: 11
• Address: 5-7 Mercer Street, New York
• Market: Manhattan

Greenoak Real Estate Advisors, represented by Sonny Kalsi, acted as the seller in this transaction. The buyer, Square Advisors, took the opportunity to acquire this mixed-use property. The deal was facilitated by Sean Lefkovits of HPNY, who served as the broker representing Square Advisors.