John Ilibassi Acquires Mixed-Use Property In Manhattan For $7M

Located at 40 Ludlow Street in Manhattan, this mixed-use property was recently sold in a closed transaction. The property spans 7,350 square feet and has a price per square foot of $850. It consists of 17 units, making it a versatile investment opportunity.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $7,000,000
• Address: 40 Ludlow Street
• City: New York
• Market: Manhattan

The seller of this property was Kevin Platt, acting as the trustee. The buyer, John Ilibassi, seized this investment opportunity. The deal was facilitated by the Highcap Group, with Christen Portelli, a managing principal, representing the buyer. Jeff Weiss, a senior director, and Lou Corti, an associate broker, also played key roles in the transaction.