Easton Industrial Affiliates Acquires Multifamily Property In Lower East Side For $10M

The property located at 175 Ludlow Street in New York's Lower East Side has been sold in a closed transaction. The multi-family asset spans 8,000 square feet and consists of 17 units. The sale price for the property was $10,000,000, resulting in a 4% capitalization rate. The price per square foot was $1,250.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $10,000,000
• Market: Lower East Side, New York
• Square footage: 8,000 sf
• Price per square foot: $1,250
• Units: 17

The seller of the property was Steven Gautier’s Winther Investment, Inc. On the other side of the deal, Easton Industrial Affiliates, represented by Ben Thypin from Quantierra, acted as the buyer. The transaction was facilitated by broker Corey(mention his full name, company and type of broker) as the representative for the buyer or seller.