Witnick Real Estate Partners pays $8M to John Brullo for property in Nolita

Isaac Abraham’s Witnick Real Estate Partners through the entity 248 Elizabeth Partners LLC paid John Brullo’s 248 Elizabeth, LLC $8.0 million for 248 Elizabeth Street in Nolita. The deal closed on January 16, 2020, and was recorded on January 21, 2020. The transaction consists of 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 8 residential units. The property is 7,456 square feet. The parcel(s) have total development potential of 11,911 square feet.
The average sale price per square foot is $672.

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