Morgan Stanley pays $56M to L+M Development Partners for commercial in Lower East Side
Morgan Stanley through the entity Nhnr Hold Co 29, LLC paid $56 million to L+M Development Partners through the entity Site 6 Commercial New Owner LLC for the commercial condo at 175 Delancey Street in Lower East Side, Manhattan. The expected use is cash flowing. The deal closed on December 4, 2025 and was recorded on December 10, 2025. The property has 41,173 square feet…
