News:
Brokerage
Posted: February 16, 2016
Koicim, Lefkovits, Von Der Ahe and Grossman of Marcus & Millichap complete $14.73 million Nolita sale
Joe Koicim, Marcus & Millichap
Sean Lefkovits, Marcus & Millichap
Peter Von Der Ahe, Marcus & Millichap
232 Mott Street, Nolita -Manhattan, NY
Manhattan, NY Marcus & Millichap has arranged the sale of 232 Mott St., a seven-story mixed-use elevator building in the Nolita neighborhood. The $14.73 million sales price equates to more than $1,900 per s/f.
“The building features five residential units that were recently renovated with high-end condominium-level finishes,” said Joe Koicim of Marcus & Millichap’s Manhattan office.
“The property is in a prime location, which is what attracted our 1031-exchange buyer,” said Sean Lefkovits, also of the firm’s Manhattan office.
Koicim and Lefkovits, along with Peter Von Der Ahe and Joshua Grossman arranged the transaction.
Located on Mott St. between Spring and Prince Sts., the building’s ground-floor retail component is occupied by Spazio Nail Salon. The second floor is a two-bedroom, full-floor loft with a terrace and balcony. Floors three, four and five are two-bedroom, full-floor lofts with two balconies, and floors six and seven are a two-bedroom duplex with three balconies and a terrace.
Tags:
Brokerage
MORE FROM Brokerage
Hanna Commercial Real Estate brokers Agri-Plastics 64,000 s/f manufacturing facility lease at Uniland’s 2 Steelworkers Way
Lackawanna, NY Agri-Plastics, a global leader in the manufacturing of plastic products for agricultural, industrial, recreational, environmental, and home industries, has signed a 64,000 s/f lease to open a
.jpg)
.gif)
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower
Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Strategic pause - by Shallini Mehra and Chirag Doshi
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
.gif)