Ferrara and Goldflam of Highcap Group arrange $4.75m sale of 3,600 s/f property at 154 Stanton Street

154 Stanton Street - Manhattan, NY

Highcap Group" width="240" height="300" /> Joshua Goldflam, Highcap Group

Highcap Group" width="240" height="300" /> Michael Ferrara, Highcap Group

Manhattan, NY Michael Ferrara and Josh Goldflam of investment sales firm Highcap Group, arranged the sale of 154 Stanton St., which sold for $4.75 million. The purchaser, represented by Goldflam is a group of private investors and the seller, represented by Ferrara, was artist Kristen Copham.

The property is situated on the  northeast corner of Stanton St. and Suffolk St. and was delivered vacant at closing. 154 Stanton St. was erected in the 1860’s and is a 3,600 s/f building that has an additional 3,100 s/f of air rights. With an R7A zoning, the property can accommodate commercial use on the ground floor with residential above. The property might be familiar to anyone who has watched ABC’s show, “Forever” as Warner Brothers previously used the building as a set for the show and a few others, but others may recognize the property as the “Louis Zuflacht” building as his name has graced the corner for many decades. With 92 ft. of wraparound frontage, the property has excellent visibility on the corner and is located in a prominent Lower East Side location within walking distance to many shops, restaurants, bars and the subway at Delancey and Essex.