Gorjian Real Estate Group Purchases Mixed-Use Asset On Ludlow Street For $2.6 Million

The property asset involved in the transaction is located at 85 Ludlow Street in the Lower East Side market. It is a mixed-use property comprising 2 stores. The sale price for the property was $2,600,000, and it includes 22 units. The total square footage of the asset is 8,680, resulting in a price per unit of $118,182 and a price per square foot of $299.

Summary of transaction details:

• Property Type: Mixed-use (2 Stores)
• Transaction Amount: $2,600,000
• Buyer: Gorjian Real Estate Group
• Seller: Tom's Real Estate
• Brokers: Adam Lobel, Zachary Ziskin, Justin Zeitchik & Christian Ingenito - Investment Property Realty Group
• Units: 22
• Square Footage: 8,680
• Price per Unit: $118,182
• Price per Square Foot: $299

Key individuals in the deal include Gorjian Real Estate Group as the buyer and Tom's Real Estate as the seller. The brokers representing the transaction are from Investment Property Realty Group, specifically Adam Lobel, Zachary Ziskin, Justin Zeitchik, and Christian Ingenito.