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GAIA Real Estate Adds Lower East Side Apartments to NYC Portfolio
GAIA Real Estate added 106 Norfolk St., an apartment building with ground-floor retail on Manhattan’s Lower East Side, to its downtown portfolio. The building consists of 28 residential units and two retail suites.
The acquisition of 106 Norfolk for an undisclosed sum follows GAIA’s recent purchase of three other assets nearby and is within a few minutes’ walk from most of GAIA’s downtown portfolio.
“This is an additional building for our growing portfolio in NYC and fits our strategy of investing in properties in strong areas of the city that attract young professionals,” said Danny Fishman, GAIA’s CEO. “The property will also help us grow our NYC retail portfolio in an area where retail is booming as a result of the changing work-from-home dynamics.”
Retail tenants at 106 Norfolk include Nurse Bettie’s, a favorite among bar enthusiasts, and La Contenta, a celebrated Mexican eatery.
- ◦Sale/Acquisition

