The Real Deal New York

Soho mixed-use building sold vacant for $25M

September 18, 2013 01:45PM

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351-canal

351 Canal Street and Eastern’s Peter Carillo

A five-story mixed-use building in Soho has changed hands for $24.75 million.

Eastern Consolidated brokered the sale of a prewar, cast-iron property at 351 Canal Street, delivering it completely vacant. About 85 percent of the tenants had been on a month-to-month lease or had termination clauses that were effective upon the potential sale of the building. Tunnel Holdings LLC owned it for 70 years.

Eastern’s Peter Carillo, Paul Nigido and Alexander Erdos brokered the deal. The seller was not disclosed.

The building has three ground-floor retail spaces, four second-floor commercial offices and 10 residential units. There is also a 5,124-square-foot cellar. [REW]Mark Maurer

  • john

    peter carillo is champion!

  • dan

    Um, not vacant. Not by a long shot. Bad reporting.

  • louis V III

    MOAR LIKE CHINATOWN THO …
    WENT TO AN ORIENTAL SKATER FASHION SHOW THERE ONCE … THASS REAL TALK !!

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