Namdar Realty Group & Klosed Properties Acquire Retail Asset In Lower East Side For $7.55M

The asset involved in the transaction is a retail property located at 140 Essex Street in the Lower East Side market. The property was sold for $7,550,000, encompassing a total square footage of 10,193, resulting in a price per square foot of $740.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $7,550,000
• Address: 140 Essex Street
• Market: Lower East Side
• Asset Size: 10,193 SF
• Price per Square Foot: $740
• Buyer: Namdar Realty Group & Klosed Properties
• Seller: Delancey Street Associates
• Seller's Representatives: Eric Roth, Brett Siegel & Tyler Signora - Newmark

The transaction involved key participants, including the buyers, Namdar Realty Group and Klosed Properties, who acquired the property from Delancey Street Associates. The sellers were represented by Eric Roth, Brett Siegel, and Tyler Signora from Newmark, facilitating the transaction process efficiently.