SOLD
New York City REIT Acquires Retail Condo In Lower East Side For $88.75M
196 Orchard
Retail
60,000 SF
60,000 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Retail
60,000 sqft
New York City REIT has acquired a retail condo in the Lower East Side for a price of $88,750,000. The property, located at 196 Orchard, spans across 60,000 square feet with a price per square foot of $1,475. The transaction took place on July 17, 2019.
Summary of transaction details
- Property Type: Retail Condo
- Transaction Amount: $88,750,000
- Address: 196 Orchard
- Market: Lower East Side
- Square Footage: 60,000
- Price per Square Foot: $1,475
The seller of this property was Magnum Real Estate Group & Real Estate Equities Corp., represented by HodgesWardElliott's Paul Gillen, Daniel Parker, and Kyle van Buitenen. The deal was facilitated by their expertise in the Lower East Side market.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Paul Gillen, Daniel Parker, Brandon Miller, Kyle van Buitenen, Ben Shaoul
DATE: 07/17/2019
ADDRESS: @196Orchard
MARKET: Lower East Side
ASSET TYPE: Retail Condo
PRICE: $88,750,000
SF: 60,000 PPSF: $1,475
BUYER: New York City REIT
SELLER: Magnum Real Estate Group & Real Estate Equities Corp.
SELLER’S REP: @HodgesWardElliott Paul Gillen, Daniel Parker & Kyle van […]View on map
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