Gaia Real Estate Acquires Multifamily Property In Bowery For $49.5M

The multifamily property located at 50-58 East 3rd Street in Bowery has been sold for a sale price of $49,500,000. The property spans across 52,500 square feet, resulting in a price per square foot of $942. The transaction took place on August 26, 2021.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $49,500,000
• Address: 50-58 East 3rd Street
• Market: Bowery
• Buyer: Gaia Real Estate - Danny Fishman & David Kusy
• Seller: AnbauNYC
• Broker: Brandon Polakoff - Avison Young
• Square Footage: 52,500
• Price Per Square Foot: $942

The buyer of the property is Gaia Real Estate, represented by Danny Fishman and David Kusy. The seller of the property is AnbauNYC. The broker for this transaction is Brandon Polakoff from Avison Young.