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Tenny Yam Acquires Mixed-Use Property In Lower East Side For $5.95M

98 Forsyth Street
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This Mixed-use property located in NY was sold for $5,950,000 over 2 years ago. The brokers of the deal were Conrad Martin, Braedon Gait, Solomon Michailow, Teddy Galligan, Said Boukhalfa, Paul Smadbeck, Jack Norton, Hall Oster, and Guthrie Garvin

A mixed-use property located at 98 Forsyth Street in the Lower East Side has been sold for $5,950,000. The property spans 12,790 square feet, resulting in a price per square foot of $465. The transaction took place on August 19, 2021.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $5,950,000
  • Address: 98 Forsyth Street
  • Market: Lower East Side
  • Square Footage: 12,790

Tenny Yam is the buyer of the property, while Bob Levy is the seller. Said Boukhalfa from Marcus & Millichap represented the buyer, and Teddy Galligan, Hall Oster, Paul Smadbeck, Guthrie Garvin, Conrad Martin, Braedon Gait, Jack Norton, and Solomon Michailow from LL represented the seller in the transaction.

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Deals
  • Location
    98 Forsyth Street, Manhattan, New York, NY, USA98 Forsyth Street, Manhattan, New York, NY, USA
  • Sale Price
    $5,950,000$5,950,000
    $465 PPSF$465 PPSF
  • Area
    12,790 SF12,790 SF
  • Asset Type
    Mixed-useMixed-use
  • Parties
    9 Brokers, 3 Agencies9 Brokers, 3 Agencies

Agents

Solomon Michailow

Solomon Michailow

Deals11
Financed$94.2M

Jack Norton

Jack Norton

Deals15
Sold$303.4M

Guthrie Garvin

Guthrie Garvin

Deals29
Sold$527.4M

Teddy Galligan

Teddy Galligan

Deals41
Sold$639.9M

Paul Smadbeck

Paul Smadbeck

Deals31
Sold$407.9M

Braedon Gait

Braedon Gait

Deals32
Sold$610.7M

Hall Oster

Hall Oster

Deals66
Financed$1.3B

Conrad Martin

Conrad Martin

Deals32
Sold$344.2M

Agencies

JLL

JLL

Agency
Deals5579
Volume$332.6B

S2 Property Group

S2 Property Group

Agency
Deals11
Volume$159.6M

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

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Deal Summary

SALE IMAGE: Hall Oster, Braedon Gait, Guthrie Garvin, Solomon Michailow, Paul Smadbeck, Jack Norton, Teddy Galligan, Conrad Martin & Said Boukhalfa DATE: 08/19/2021 ADDRESS: 98 Forsyth Street MARKET: Lower East Side ASSET TYPE: Mixed-use BUYER: Tenny Yam SELLER: Bob Levy BUYER’S REP: Said Boukhalfa - Marcus & Millichap SELLER’S REP: Teddy Galligan, Hall Oster, Paul Smadbeck, Guthrie Garvin, Conrad Martin, Braedon Gait, Jack Norton & Solomon Michailow - @JLL ASKING PRICE: $6,950,000 SALE PRICE: $5,950,000 SF: 12,790 ~ PPSF: $465

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98 Forsyth Street

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