Silverstone Property Group, a New York City based full service real estate company, is pleased to announce the acquisition of 157 Suffolk Street ... The 6 story, 22,398 square foot residential apartment building consists of 33 apartments and 2 retail stores. Silverstone purchased the building for $8.8M, or approximately $392 per square foot, in an all-cash, off-market transaction with the private seller. Silverstone will be renovating the building to create a high-end boutique residential rental property, as well as leasing the retail space which has been vacant for many years.
Sooo... dumb question, but what happened to all the former residents of this pre-high-end boutique residence? Buy outs?