Rueven Luba Acquires Retail Property In New York City For $7M

The retail property located at 200 East 167th Street in New York City has been sold for $7,000,000. The property spans 12,900 square feet, resulting in a price per square foot of $543. The transaction was completed on 05/19/2023, with a capitalization rate of 5.5%.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $7,000,000
• Square Footage: 12,900
• Price per Square Foot: $543
• Capitalization Rate: 5.5%

The buyer of the property is Rueven Luba, and the seller is Charles Falick. The deal was facilitated by David Simone from Concourse Realty, who represented both parties in the transaction.