Parag Sawahney Acquires Mixed-Use Asset At 5 Lispenard Street For $3.5M With Seller's Rep Newmark

The property asset involved in this transaction is a mixed-use building located at 5 Lispenard Street in the Tribeca market. The sale price was $3,500,000, and the property covers a total area of 3,500 square feet, making the price per square foot approximately $1,000.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $3,500,000
• Address: 5 Lispenard Street
• Market: Tribeca
• Square Footage: 3,500
• Price per Square Foot: $1,000
• Buyer: Parag Sawahney
• Seller's Representatives: Maurice Suede, Eric Roth, Harry James & Mike Kavanagh - Newmark
• Transaction Date: 03/17/2025

The deal was facilitated by the seller's representatives Maurice Suede, Eric Roth, Harry James, and Mike Kavanagh, representing Newmark. This group played a crucial role in managing the transaction process for the seller.