Holliswood Development Acquires Mixed-Use Property At 247 Broome Street For $6.5M

The property is a mixed-use asset located at 247 Broome Street in the Lower East Side market. The transaction was completed for $6,500,000 and includes one commercial unit and 20 residential units. The total square footage of the property is 8,695 with a price per square foot of $747. The price per unit stands at $309,524.

Summary of transaction details:

• Property Type: Mixed-use (1 Commercial & 20 Residential)
• Transaction Amount: $6,500,000
• Units: 21
• Square Footage: 8,695
• Price Per Unit: $309,524
• Price Per Square Foot: $747
• Buyer: Holliswood Development
• Brokers: Peter Dodge & Matt Berger - Marcus & Millichap

Holliswood Development is expanding its multifamily portfolio, now managing a total of 10 buildings in the Lower East Side, with another under contract. The company is interested in receiving all deals in this neighborhood at [email protected].