June 20, 2019 Comments Off on Mixed-Use Income Property Changes Hands in FiDi Views: 376 Downtown New York, New York News

Mixed-Use Income Property Changes Hands in FiDi

Cushman & Wakefield has arranged the sale of 6 Stone St., a five-story mixed-use property in the Financial District. The final closing price for the 9,075-square-foot property was $6,650,000.

Cushman & Wakefield’s Maurice Suede and Daniel Soyak represented the seller, 6 Stone Street LLC. The property was purchased by Conway Capital and Davean Holdings.

“The buyer was attracted to the property because of the high foot traffic and the 24/7 environment surrounding the Financial District,” said Suede. “6 Stone St. provided an excellent opportunity for a great income property in a fast-growing neighborhood of New York City.”

Currently, 6 Stone St. is commercial on the first three levels and residential on the fourth and fifth floors. The asset offers considerable potential for re-positioning, according to Cushman & Wakefield.

Located between Broadway and Whitehall Street, the property is convenient to three subway lines via two separate stations.

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