Soho Mews developer picks up Soho building for $15M

New York /
Oct.October 19, 2010 10:00 AM

Albert Laboz and his latest residential development, Soho Mews

Albert Laboz, chairman of the Fulton Mall Improvement Association and developer of the glassy new Soho Mews condominium, has added another Soho property to his family’s bulging portfolio with the $15 million purchase of 449 Broadway.

The 25,000-square-foot building, which, like Soho Mews, lies within the Soho-Cast Iron Historic District, currently houses the headquarters of Arthur Liu’s Multicultural Radio Broadcasting, the multilingual AM radio empire. Liu, who began his radio career as a pop music disc jockey in Taiwan during the 1960s, has owned the building since the company’s founding in 1982.

Laboz, a principal along with brothers Jason and Jody at United American Land, closed on the five-story building Oct. 12, city records show. Laboz is among the largest property owners on Fulton Street in Brooklyn and in recent years has been trying his hand at high-end Manhattan condo developments, like Soho Mews and Chelsea’s the Lyla.

The most recent asking price for 449 Broadway was not immediately available, and calls to UAL and MRB were not returned, but a December 2009 listing in the New York Times priced the property at $19.75 million and noted that the ground-floor retail space and basement would be delivered vacant.

CB Richard Ellis listing brokers Dan Kaplan, Ned Midgely, Tim Sheehan and Sloan Rhulen were not immediately available for comment.

 

Related Articles

arrow_forward_ios
The New York Life Sciences and Biotechnology Center at First Avenue and 41st Street (NY Life Sciences)
Life sciences leasing breaks annual record in five months
Life sciences leasing breaks annual record in five months
470 Broome Street (Photo via Saltzman Architects, P.C., iStock)
From Picasso’s estate to squatting in Soho: The 470 Broome Street affair
From Picasso’s estate to squatting in Soho: The 470 Broome Street affair
546 Broadway and Isaac Chetrit (Google Maps)
Uniqlo finalizes $160M buy of its flagship at 546 Broadway
Uniqlo finalizes $160M buy of its flagship at 546 Broadway
Manhattan sublease surge shows signs of slowing
Manhattan sublease scourge finally abates
Manhattan sublease scourge finally abates
André Balazs and 158 Mercer Street (Getty, Google Maps)
Developer picks up André Balazs’ Soho condo
Developer picks up André Balazs’ Soho condo
Smaller retailers are snapping up Manhattan’s empty storefronts for shorter, cheaper leases (iStock)
Small retailers slip into city’s empty storefronts on the cheap
Small retailers slip into city’s empty storefronts on the cheap
President & CEO of Northwood Investors with 520 and 524 Broadway. (Getty, Google Maps)
Northwood buys two Soho buildings for $325M
Northwood buys two Soho buildings for $325M
Newmark CEO Barry Gosin and CBRE CEO Robert Sulentic with (from top) Chris Cowan, Shane Ozment and Terrance Hunt (Getty)
Newmark sues brokers who jumped to CBRE for violating non-compete
Newmark sues brokers who jumped to CBRE for violating non-compete
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...