Silverstar Properties Acquires Retail Property In Tribeca For $5.75M

The retail property located at 326-332 Canal St. & 39-41 Lispenard St. in Tribeca has been sold for a price of $5,750,000. The property spans approximately 5,500 square feet and has a price per square foot of $1,045. The transaction took place on 07/08/2022 and the property was purchased by Silverstar Properties.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,750,000
• Market: Tribeca
• Address: 326-332 Canal St. & 39-41 Lispenard St.
• Square Footage: 5,500
• Price per Square Foot: $1,045

The sale of this retail property was facilitated by Amit Doshi & Chirag Doshi of the Meridian Capital Group. They represented the buyer, Silverstar Properties, in this transaction. This deal had a cap rate of 6.25%.