Quintessential New York walk-up trades in Nolita

NEW YORK, Jan. 16, 2023 - JLL Capital Markets announced today it that it has completed the sale of 200 Mott Street, a seven story, mixed-use walk-up building located in Manhattan's Nolita neighborhood.

JLL represented the seller, a long-time private owner, and the buyer, a private New York City investor. The sale price was $7,550,000.

200 Mott Street is a 14,000-square-foot, seven-story building configured as 26 apartments and one retail space occupied by the popular Italian restaurant, Epistrophy. The apartments consist of a mix of one and two-bedrooms.

The property stands in a dynamic location, bounded on the west by Soho, on the south by Little Italy, on the east by the Lower East Side and on the north by Noho. The neighborhood features some of the best bars, restaurants and nightlife New York City has to offer and is easily accessible via the B,D,F,M and 6 trains.

The JLL Capital Markets Investment Sales Advisory team was led by Managing Directors Hall Oster and Guthrie Garvin, Vice Presidents Teddy Galligan and Conrad Martin, Associate Braedon Gait and Analyst Bradford Burton.

"We continue to see strong demand for well-located multi-housing properties in NYC, especially those that have been maintained by long term ownership. 200 Mott is an excellent example of the type of opportunities buyers are seeking in today's world," said Oster.

"The buyer can add value through cosmetic renovation and apartment upgrades to meet strong demand for modern apartments in Nolita," added Galligan.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL's newsroom.

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