Susan Lin Purchases Multifamily Property At 98 Rivington Street From Michael Forrest For $6M

The property asset involved in this transaction is a multifamily building located at 98 Rivington Street in the Lower East Side. The sale price was $6,000,000, with a total of 5 units. The building encompasses 4,300 square feet, resulting in a price per unit of $1,200,000 and a price per square foot of $1,395.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,000,000
• Units: 5
• Square Footage: 4,300
• Price Per Unit: $1,200,000
• Price Per Square Foot: $1,395
• Buyer: Susan Lin
• Seller: Michael Forrest - Ludlow Property Group
• Broker Representatives: Joseph Koicim, Matt Berger & Logan Markley - Marcus & Millichap
• Date of Transaction: 06/26/2024

The deal involved key individuals including the buyer, Susan Lin, and the seller, Michael Forrest, who represents Ludlow Property Group. The brokerage firm Marcus & Millichap facilitated the transaction through their representatives, Joseph Koicim, Matt Berger, and Logan Markley, who played a vital role in bringing the parties together.