Upscaled 168 Suffolk Street Sells for $12M
As East Houston Street continues its trajectory to luxury life – there are multiple towers under construction – the effects are felt in the immediate vicinity. Case in point: the sale of 168 Suffolk Street for more than twice the purchase price three years ago.
Eunhasu Corporation acquired the gussied-up 168 Suffolk Street for $12 million.
Hogg Holdings, which purchased the tenement in 2015 for $5 million and upscaled the apartments, more than doubled its investment. (It’s also the firm behind the new condo development nearing completion at 287 East Houston.)
The five-story, 10,050 Square-foot property contains nine two-bedroom apartments and a ground-floor retail space.