Solil Management Acquires Multifamily Property In Manhattan For $22.1M

The asset involved in this transaction is a multifamily property located at 307-309 Mott Street in Manhattan, New York. The price for the sale was $22,112,000, with the total square footage measuring 15,925. The price per square foot stands at $1,388.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $22,112,000
• Address: 307-309 Mott Street
• City: New York
• Market: Manhattan
• Square Footage: 15,925
• Price per Square Foot: $1,388
• Seller: Icon Realty
• Buyer's Representative: Jane Goldman from Solil Management
• Transaction Date: 11th July, 2017
• Broker: Sean Lefkovits from @hpny_ alongside Ivan Hakimian

The seller, Icon Realty, had representatives including Terrence Lowenberg and Tcohennyc. The property was previously purchased by Icon for $8.1 million in 2012, marking a significant increase in value upon its sale.