Lightstone Group paid $56.6 million for the future site of a Lower East Side Moxy Hotel. The firm acquired 151-153 Bowery and 331-337 Broome Street in two separate transactions. The Bowery property, a three-story building that spans 22,300 square feet, was sold by Emmut Properties. It was on the market for $32 million. The five-story Broome Street building, meanwhile, was sold by Lau Management. The property was listed for $30 million. The deals closed yesterday, […]
source https://therealdeal.com/2018/12/04/lightstone-pays-57m-for-future-site-of-les-moxy-hotel/
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