Seth Newman Acquires Retail Property On Lower East Side From Josh Manocherian

Located in the Lower East Side, the property at 50 Clinton Street has been sold in a retail transaction. The deal, which closed on 11/08/2021, involved a total sale price of $1,850,000. The retail space spans 1,818 square feet, resulting in a price per square foot of $1,017. The sale was facilitated by brokers Robert Burton, Bobby Carrozzo, Mike DeCheser, Bryan Hurley from CushWake, and Teddy Galligan and Guthrie Garvin from JLL.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $1,850,000
• Address: 50 Clinton Street
• Market: Lower East Side
• Buyer: Seth Newman
• Seller: Josh Manocherian
• Brokers: Robert Burton, Bobby Carrozzo, Mike DeCheser, Bryan Hurley (CushWake); Teddy Galligan, Guthrie Garvin (JLL)
• Square Footage: 1,818
• Price Per Square Foot: $1,017

The involvement of Seth Newman as the buyer and Josh Manocherian as the seller adds a personal touch to the transaction. It's worth noting that the deal was led by brokers Robert Burton, Bobby Carrozzo, Mike DeCheser, Bryan Hurley from CushWake, and Teddy Galligan and Guthrie Garvin from JLL, who played instrumental roles in the successful completion of the retail transaction.