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NYC’s top deals: LMXD, BedRock close on purchase of Astoria dev site for $53M
['Mary Diduch']
New York - The Real Deal
A company tied to Jeffrey Herz parted with a penthouse at 224 Mulberry Street for $16.3 million.
The duplex spans 5,600 square feet, pricing the sale at $2,900 per square foot.
The buyers were LMXD and BedRock Real Estate Partners, who plan to construct a 560-unit, mixed-income project on the site.
The residence measures 3,100 square feet; the deal breaks down to $2,300 per square foot.
The property measures 29,000 square feet.