Lion Cub Development Acquires Retail Property At 170 Mercer Street From Rialto Capital For $2.35M

The retail asset located at 170 Mercer Street in Manhattan encompasses a total of 2,032 square feet and has been sold for $2,350,000, resulting in a price per square foot of $1,156.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,350,000
  • Address: 170 Mercer Street
  • Market: Manhattan
  • Square Footage: 2,032
  • Price per Square Foot: $1,156
  • Buyer: LionCub Development & David Elbaz – Highstone Capital
  • Seller: Rialto Capital
  • Broker: Matthew Marshall – Marshall Real Estate

 

The transaction involved key figures including LionCub Development and David Elbaz representing Highstone Capital, while the seller was Rialto Capital. The deal was facilitated by Matthew Marshall of Marshall Real Estate, highlighting the involvement of prominent real estate professionals in the process.

DATE: 12/23/2024

ADDRESS: 170 Mercer Street

MARKET: Manhattan

ASSET TYPE: Retail

BUYER: LionCub Development (@LionCubDevelopment) & David Elbaz (@DElbaz2190) – Highstone Capital

SELLER: Rialto Capital BROKER: Matthew Marshall (@MRENYC) – Marshall Real Estate

SALE PRICE: $2,350,000

SF: 2,032

~ PPSF: $1,156

 

Matthew Marshall

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