Lower Manhattan Mixed-Use Building Brings $10.8 Million

Barbara Dansker

 NEW YORK, Oct. 28, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of 123-127 Lafayette St., a partially vacant six-story elevator office building located between Canal Street and Howard Street in Lower Manhattan.

The $10,850,000 sales price equates to $663 per square foot. The sale was an all-cash transaction. 

            Barbara Dansker, in Marcus & Millichap’s Manhattan office, represented the seller, an owner/user. Dansker also represented the buyer, Stellar Management, a New York-based developer.         

“The building’s current configuration is three ground-floor retail units with eight office suites above,” says Dansker. “However, the existing certificate of occupancy allows for retail on the first three floors, which helps make the building a prime candidate for redevelopment.”

“The area is exploding with activity and renewal,” adds Dansker.

  For a complete copy of the company’s news release, please contact:

Gina Relva

Public Relations Manager

(925) 953-1716