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Allied Realty acquires 247 Mulberry Street

Danny Hakakian’s Allied Realty has acquired 247 Mulberry Street from Eric Hadar’s Allied Partners for $11M

NoLita building spans 10,500 SF

Danny Hakakian’s Allied Realty has acquired 247 Mulberry Street from Eric Hadar’s Allied Partners for $11 million, according to NYC’s department of finance. The NoLita mixed-use building spans 10,500 square feet, and contains 18 residential units, plus one commercial unit.

Dig Deeper: The retail unit is occupied by Cydwoq New York, and the property possesses 4,511 square feet of unused air rights.

Location: The property is located between Prince and Spring Street. It sits just one block away from the Spring Street Subway Station, with access to the 4 and 6 trains.

Historical anecdote: The building’s commercial unit was home to The Ravenite Social Club in the late 1970s-1980s. The club served as the headquarters of the Gambino Crime Family. After John Gotti’s conviction in 1992, the building was seized by the Federal Government and auctioned off.

Brokers: The deal was brokered by Peter Von Der Ahe, Noah Kossoff, and Joe Koicim of Marcus and Millichap.

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