Witnick, Gorjian pay $6.2M for multifamily property in Little Italy

Witnick Real Estate Partners and Gorjian Real Estate Group through the entity 171 Mulberry Partners LLC paid Dean Ross’s 171 Mulberry, LLC $6.2 million for 171 Mulberry Street in Little Italy. The deal closed on June 18, 2020, and was recorded on July 2, 2020. The transaction consists of 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 10 residential units. The property is 11,841 square feet. The parcel(s) have total development potential of 15,041 square feet.
The average sale price per square foot is $414.
Ross acquired the property in 2003 for $1.15 million.

The contract date was March 5, 2020. Isaac Abraham and Cobby Gorjian were signatories for the buyer entities.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link