The Real Deal New York

EMP Capital Group buys Soho building for $31M

Diana Agostini, daughter of sculptor Peter Agostini, was the seller

September 11, 2015 01:38PM
By Ariel Stulberg

Elie Pariente and 47 Greene Street in Soho

UPDATED, Sept. 15, 12:21 p.m.: Elie Pariente’s EMP Capital Group bought a mixed residential and retail building Soho, paying $31 million.

The six-story, 24,000-square-foot structure at 47 Greene Street, between Broome and Grand Streets, completed in 1866, consists of seven rental units and two ground-floor retail units. Pariente, who runs the NoMad-based development firm, confirmed the purchase, but declined to comment on his plans for the building.

One of the retail locations was once occupied by potter and designer Jonathan Adler, before he relocated to a larger space down the road at 53 Greene Street.

Diana Agostini of Les Pieds Nickel, daughter of sculptor Peter Agostini, was the seller. She bought the building in 1972.

Eastern Consolidated CEO Peter Hauspurg represented the seller, while Eastern’s Deborah Gutoff and Prime Manhattan Residential’s Robert Dankner represented the buyer, EMP Capital.