SMA Equities Acquires Multifamily Property In New York For $40M With Brokers Meridian Capital Group

The multifamily property located at 280 East Houston Street in New York has been sold in a recent transaction. The property spans 127,000 square feet and was sold for a total of $40,000,000, resulting in a price per square foot of $315. The sale was facilitated by the brokers David Schechtman, Lipa Lieberman, and Abie Kassin from Meridian Capital Group.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $40,000,000
• Square Footage: 127,000
• Price Per Square Foot: $315
• Address: 280 East Houston Street, New York

The buyer of the property was SMA Equities, represented by Sammy Mahfar, while the seller was 280 East Houston Associates, represented by the Hirsch Family. The deal was successfully closed with the assistance of the brokers from Meridian Capital Group, namely David Schechtman, Lipa Lieberman, and Abie Kassin.