The Real Deal New York

SL Green buys 102 Greene Street for $32M

Lloyd Goldman bought the property for $11.9 million in 2012

November 04, 2014 10:01AM

From left: Marc Holliday, 102 Greene Street and Lloyd Goldman

From left: Marc Holliday, 102 Greene Street and Lloyd Goldman

SL Green Realty, one of the city’s largest commercial property owners, bought 102 Greene Street for $32.3 million from Lloyd Goldman’s BLDG Management.

The purchase further expands the company’s presence in Soho. The 9,200-square-foot space currently houses the Galeria Melissa footwear store. The location also includes two residential units and 5,500 square feet of development rights. 

SL Green also owns 121 Greene Street, 115 Spring Street, 131-137 Spring Street and 530-536 Broadway.

Goldman bought the Soho property in August 2012 for $11.9 million. Last week, he sold an Upper East Side property for $18 million.

The Greene Street block, between Prince and Spring streets, has attracted luxury tenants and is located near Ralph Lauren, Apple, Etro, Fendi and Louis Vuitton.

RKF’s Jeffrey Fishman and Ross Berkowitz represented the seller in the transaction.

“SoHo has experienced a tremendous surge in upscale shopping, fueled by both tourism and evolving demographics,” said SL Green’s Brett Herschenfeld in a press release announcing the transaction. “We expect the current trends to continue for the long-term, based on the strong economic outlook and compelling neighborhood features. SL Green will now reposition the property, consistent with our other investments in the area.” — Claire Moses 

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