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Highpoint Property Group Acquires Mixed-Use Property In East Village For $7M

Property Image
SOLD
$7,000,000
Jay Bernstein

New York

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MultiFamily6,697 SF
Sold 01/13/2022
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Property Image
SOLD

Highpoint Property Group Acquires Mixed-Use Property In East Village For $7M

166 1st Avenue, New York City, New York 10009, United States

See Similar Deals
MultiFamily6,697 SF
Sold 01/13/2022
Jay Bernstein
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,045
Total Square Footage:6,697 SF
Transaction Type:Sale

The mixed-use property located at 166 1st Avenue in East Village has been sold for a total of $7,000,000. Spanning across 6,697 square feet, the property offers a diverse range of uses, making it a valuable asset in the market.

Summary of transation details

  • Property Type: Mixed-use
  • Transaction Amount: $7,000,000
  • Address: 166 1st Avenue
  • Market: East Village
  • Buyer: Highpoint Property Group - Drew Popkin
  • Buyer's Representative: Shlomo Gelernter - Spur House Partners
  • Seller's Representative: Jay Bernstein - Besen Partners
  • Square Footage: 6,697
  • Price Per Square Foot: $1,045

Highpoint Property Group, represented by Drew Popkin, successfully acquired the property. Shlomo Gelernter from Spur House Partners acted as the buyer's representative, providing expert guidance throughout the transaction. On the other side, Jay Bernstein, representing Besen Partners, represented the seller's interests, ensuring a smooth and efficient deal process.

Players

Jay Bernstein
12 deals$70M volume
BROKER

Shlomo Gelernter
Spur House Partners
4 deals$22M volume
BROKER

Details

SOLD
IMAGE: Shlomo Gelernter, Drew Popkin & Jay Bernstein DATE: 01/13/2022 ADDRESS: 166 1st Avenue MARKET: East Village ASSET TYPE: Mixed-use BUYER: Highpoint Property Group - Drew Popkin BUYER’S REP: Shlomo Gelernter (@Shlooshlo) - Spur House Partners (@SpurHousePartners) SELLER’S REP: Jay Bernstein - Besen Partners (@BesenPartners) SALE PRICE: $7,000,000 SF: 6,697 ~ PPSF: $1,045

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