The Real Deal New York

Tribeca / Soho neighborhood news

  • [caption id="attachment_224326" align="alignright" width="300"] 502 Canal Street[/caption]

    A wall of a nearly 200-year-old Ponte Equities building at 502 Canal Street collapsed Wednesday afternoon, DNAinfo reported. The three-story building had long been the scourge of the area, with neighbors and government agencies repeatedly complaining that it was in a state of disrepair. No injuries were reported in the incident, authorities said. The landmarked building has been vacant for years, and in 2010 the Landmarks Preservation Commission found that the building’s facade was in danger of collapsing, in response to which Ponte Equities agreed to make immediate repairs. But in 2012, the company was charged with a violation for failing to maintain the building’s defective brickwork, according to Department of Buildings records…. [more]

  • From left: Kelly Ripa, 76 Crosby and the interior of her unit

    Talk show host Kelly Ripa has listed her 76 Crosby Street duplex condominium penthouse for a cool $24.5 million, Curbed reported. The listing is a co-exclusive between Adam Modlin of the Modlin Group and an unidentified Douglas Elliman broker. [more]

  • From left: Joe Sitt, Abe Goldstein, Jeff Sutton and 529 Broadway

    Over the past several years, some of the city’s top retail investors had been eyeing a small, down-in-the-tooth property at the corner of Spring Street and Broadway in Soho. Among its suitors: Vornado Realty Trust, SL Green Realty, Invesco and Crown Acquisitions. [more]

  • High rents buoy Soho side streets

    December 19, 2012 09:00AM

    Building sales on Soho’s side streets are soaring, according to the New York Times. Last week the King of Greene, a Isaac F. Duckworth designed building at 72-76 Green Street, sold for $41.5 million – a 47 percent increase from when it last sold five years ago. In November, two mixed-use buildings across the street at 69 and 71-73 Greene Street, between Spring and Broome streets, traded hands for about $33 million. In May, Savannah paid about $57.5 million for a mixed-use Jean Nouvel-designed building at 40 Mercer Street. And in July, the last vacant corner lot in Soho, at 144 Spring Street on the corner of Wooster Street, sold to Ralph Bartel, the founder of Travelzoo and a major investor in Lanvin and Devi Kroell, for $26.5 million, according to RKF data cited by the Times…. [more]

  • 315 Hudson Street

    TED Conferences is slated to open a new office downtown in Hudson Square, the New York Observer reported. The non-profit, whose mission is to circulate “ideas worth spreading,” will set up shop at 315 Hudson Street at Vandam Street with 5,881 square feet on the ground floor.

    The new space will be located across the street from another TED office, a 14,000-square-foot space. Jack Resnick & Sons owns the property, which the Observer said has asking rents between $55 to $70 per square foot. TED’s lease brings Resnick’s Hudson Square portfolio to full occupancy. [more]

  • Larry Gluck and 26 Vandam Street

    Stellar Management has paid $6.1 million for a 21-unit rental building in Soho with the aim of adding air rights to its adjacent office project, known as One Soho Square, the Commercial Observer reported. The building at 26 Vandam Street came with 15,625 square feet of air rights.

    Earlier this year, Larry Gluck’s Stellar and Imperium Capital paid $200 million for an office tower at 161 Sixth Avenue and another at 233 Spring Street. The firm plans to combine the two buildings, adding 80,000 square feet of office space to the 740,000-square-foot property – at an estimated cost of $75 million. [more]

  • 92 Vandam Street

    Updated at 6:21 p.m. with comments from David Zar

    A 14,700-square-foot property located at 92 Vandam Street in the Hudson Square area has traded hands for $21.3 million, according to city public records filed today. The six-story building was constructed around 1910, PropertyShark shows, and contains five commercial units.

    The seller listed on the deed is Sandro La Ferla, who appears to have owned the property since 1988. Reached by phone, La Ferla declined comment. The purchaser is listed as 92 Vandam Partners LLC. The property “has tremendous air rights,” Zar Properties NY’s David Zar said in an email. “[The] buyer can quadruple the size of the building.” [more]

  • Soho retail condo could fetch $30M

    December 06, 2012 11:00AM

    From left: Aby Rosen and 350 West Broadway

    Jones Lang LaSalle has been tapped as the exclusive agent for marketing the retail space at the Aby Rosen-developed 350 West Broadway, the New York Observer reported. Jason Gold, one of the members of the JLL marketing team, told the Observer that the sale of the 11,115-square-foot, two-floor condominium space could fetch between $26 and $30 million.

    Richard Baxter, vice chairman at JLL, is leading the team along with Gold, Yoron Cohen, Yoav Oelsner and Ryan Solomon. [more]

  • 93 Worth launches, with revised price-tags

    December 05, 2012 04:30PM

    Core CEO Shaun Osher and the exterior and interior of 93 Worth

    A long-awaited new Tribeca condo conversion has hit the market today after hiking its prices 10 percent just a few weeks prior to the launch.

    Units at 93 Worth Street, between Broadway and Church Street, are set to come online today with prices ranging from $545,000 for a studio to $6.33 million for a four-bedroom spread, said a spokesperson for CORE, the exclusive marketing agent for the development. There are 92 units at the property in total, including seven penthouse additions. Apartments range in size from 475 square feet to 3,300 square feet. [more]

  • Claire Danes sells Soho home for $5.85M

    November 28, 2012 11:30AM

    From left: Claire Danes, 42 Wooster Street and a shot of the unit’s interior

    Actress Claire Danes, of “My So-Called Life” and “Homeland” fame, sold her Soho loft for $5.85 million, the New York Post reported. The asking price for the 3,861-square-foot Wooster Street condominium unit was $5.99 million.

    Danes and her husband, actor Hugh Dancy, listed the home in June with Lee Clifford Schweninger and Elaine Schweninger at Town Residential. It went into contract in July. The home, located at 42 Wooster Street, has three bedrooms and three bathrooms underneath 11-foot ceilings. Other amenities include a wood-burning fireplace and a rotating breakfast bar.  [more]

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