Search
 

Muriel Reilly Puts 26,800-SF Mixed Use Up for Sale

NEW YORK CITY-The $15-million listing price for the 33 apartments and four retail spaces in Lower Manhattan represents $560 per sf.

By Natalie Dolce | Updated on August 30, 2007

NEW YORK CITY-Marcus & Millichap Real Estate Investment Services has retained the exclusive listing for 157-159 Suffolk St., a 26,800-sf mixed-use building consisting of 33 apartments and four retail spaces in Lower Manhattan. The listing price of $15 million represents $560 per sf.

Deanne Draeger, an investment specialist in the Manhattan office of Marcus & Millichap, is representing the seller, Muriel Reilly. “This property represents an excellent rental or condominium redevelopment opportunity in the rapidly gentrifying Lower East Side,” Draeger says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.