NEW YORK—Investor Ira Lifshutz has paid $4.7 million to acquire a mixed-use loft building at 57 Grand Street, located between West Broadway and Wooster Street, in Manhattan’s SoHo Cast Iron Historic District.

Massey Knakal Robert Burton, SVP of sales, handled the transaction working with the seller.

“Competition was fierce for this charming SoHo building,” said Burton. “I was honored to receive the call from the owner, who had owned the building with her family for more than 30 years.”

Standing four stories tall, the property contains 4,422 sq. ft. of space and sits on a 22-ft. by 67-ft. lot.