Ariel Property Advisors Acquires Package Deal In Lower East Side For $24.8M

A package deal consisting of two properties located at 109 Ludlow Street and 153 Norfolk Street in the Lower East Side has been sold for a total price of $24,800,000. The combined square footage of the properties is 39,612, resulting in a price per square foot of $626. The transaction took place on 03/22/2023.

Summary of transaction details:

• Property Type: Package Deal
• Transaction Amount: $24,800,000
• Square Footage: 39,612
• Price Per Square Foot: $626
• Address: 109 Ludlow Street & 153 Norfolk Street
• Market: Lower East Side

The buyer's representatives in this deal were Michael Tortorici, Shimon Shkury, Victor Sozio, and Howard Raber from Ariel Property Advisors. On the other hand, Michael Decheser and Bryan Hurley represented the seller as part of Cushman & Wakefield.