Gopher Group LLC paid $9M to Estate Of Celeste Martin

Gopher Group LLC paid Estate Of Celeste Martin $9.0 million for 4 parcels, including the tax class four families (C3) and containing 20 residential units at 16 Gay Street, 18 Christopher Street, 20 Christopher Street, 14 Gay Street in Soho. The deal closed on July 24, 2019 and was recorded on July 30, 2019. The parcel(s) have total development potential of 13,083 square feet.
The sale price per unit is $450,000.
The estimated cap rate is 6.5%

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