Morris Sabbagh, Abraham Kassin & Steven Kashanian Acquire Retail Space From KKR For $2.5M

The asset involved in the transaction is a retail property located at 659 Broadway in the Noho, Greenwich Village market. The sale price was $2,500,000, with a total square footage of 4,748, resulting in a price per square foot of $526. The property features a long-term leasehold on Retail Store 6 and includes 1,938 square feet on grade, 872 square feet of mezzanine space, and 1,938 square feet in the cellar.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,500,000
• Square Footage: 4,748 SF
• Price Per Square Foot: $526
• Buyer: Morris Sabbagh, Abraham Kassin & Steven Kashanian
• Seller: KKR
• Broker: Matthew Marshall - Marshall Real Estate

The individuals involved in this transaction include buyers Morris Sabbagh, Abraham Kassin, and Steven Kashanian, who collectively acquired the retail property from the seller, KKR. Matthew Marshall from Marshall Real Estate represented the seller in this deal, facilitating the transaction between the parties.