Mixed-Use Property At 29 Essex Street Sold For $2.76M With Broker Robert Aaron

The property involved in the transaction is a mixed-use asset located at 29 Essex Street in the Lower East Side market. This asset consists of 8 units and spans a total square footage of 5,500. The sale price for this property was set at $2,760,000, resulting in a price per unit of $345,000 and a price per square foot of $501. The property features a split disposition of 50% free market and 50% rent stabilized units.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $2,760,000
• Units: 8
• Square Footage: 5,500
• Price per Unit: $345,000
• Price per Square Foot: $501
• Broker: Robert Aaron - Horvath & Tremblay
• Date of Sale: 6/26/2025

The transaction was represented by broker Robert Aaron from Horvath & Tremblay, indicating his involvement in facilitating the sale of this mixed-use property. The details reflect a significant transaction within the Lower East Side market, driven by the distinct asset characteristics and the representation of the broker involved.