The 3 Lower East Side Walk-ups that Sold for $35M

Posted on: June 23rd, 2022 at 5:02 am by

99 Allen St.

Earlier this month, we reported that SMA Equities, the Long Island real estate firm with controversial history on the Lower East Side, sold a portfolio of its area properties.

SMA unloaded three tenement walk-ups to Daniel Fishman of GAIA Real Estate – 102 Norfolk Street, 177 Ludlow Street, and 99 Allen Street – for an aggregate sum of $34.73 million. Between them, the stock includes fifty-six residential units – most of them of the two- and three-bedroom variety – plus five retail spaces.

The trio of transactions, which closed at the beginning of June, recently hit the public record to reveal the sale price of each.

  • 177 Ludlow Street – $10.45 million
  • 102 Norfolk Street – $14.08 million
  • 99 Allen Street – $10.2 million

SMA Equities upscaled each during its ownership tenure, oftentimes with embattled tenants caught in a crossfire of construction; especially in the case of 102 Norfolk.

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