Jeffrey Kaplan Acquires Multifamily Property On Grand Street In SoHo For $16.1M

A multifamily property located at 147 Grand Street in SoHo, Manhattan has been sold in a closed transaction. The property is zoned as M1-5B and has a total building square footage (BSF) of 14,400. The price for the property was $16,100,000, which equates to a price per building square footage (PPBSF) of $1,118. The total lot size is 2,880 square feet, and the property has a total square footage (SF) of 9,360. The price per square foot (PPSF) for the property is $1,720.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $16,100,000
• Market: SoHo, Manhattan
• Zoning: M1-5B

The buyer of the property is Jeffrey Kaplan and the seller is Abraham Khalili. The property has a floor area ratio (FAR) of 3.25 and belongs to tax class 2B. The last recorded sale of the property was on February 25, 2014, for a price of $10,500,000. The property has a permit for alteration 2, which was issued on August 22, 2016. The lot dimensions are 36.08 feet by 80.33 feet.