254 Broome Street

Owner: Sma Equities

Acquired: December 09, 2024, $15.9 million

Debt: December 09, 2024, $28.9 million

Built: 1900

Renovated: 1988

SF: 12,507

Dwelling units: 16

No. of buildings: 1

Class: Over Six Families With Stores (C7)

Floors: 6

Transactions:

• SMA Equities borrowed $28.9 million from Safra National Bank for 254 Broome Street, 248 Broome Street, 252 Broome Street, and 250 Broome Street, Lower East Side, Manhattan on December 09, 2024.

• Forrest Partners sold 254 Broome Street, 248 Broome Street, 252 Broome Street, and 250 Broome Street, Lower East Side, Manhattan for $15.9 million to SMA Equities on December 09, 2024.

Development:

• Sassan Mahfar filed plans for alteration in Lower East Side, Manhattan, on October 29, 2023.

• Omer Zwickel filed plans for alteration in Lower East Side, Manhattan, on June 16, 2016.

• Samy Mahfar filed plans for alteration in Lower East Side, Manhattan, on December 28, 2007.

• Samy Mahfar filed plans for alteration in Lower East Side, Manhattan, on August 29, 2007.

• Michael Forrest filed plans for alteration in Lower East Side, Manhattan, on November 14, 2013.

Violations:

According to city public data, the properties have received two housing violations and $350 in OATH penalties in the last year.