The Real Deal New York

Tawil’s Centurion buys Tribeca retail condo for $30M

Mr. Chow, Citibank among tenants at base of Greystone-developed Northmoore
By Mark Maurer | February 24, 2015 02:55PM

Ralph Tawil’s Centurion Realty acquired a 33,500-square-foot retail space at the base of the Tribeca condominium building the Northmoore for $30 million, The Real Deal has learned.

The fully occupied retail condo at 121-133 Hudson Street spans a full blockfront between Beach and North Moore streets. The seller was White Plains-based fund American Real Estate Holdings, according to sources close to the deal.

The condo offers 14,000 square on the ground floor and 19,500 square feet on the basement levels.

The tenants include Chinese restaurant Mr. Chow, a Citibank branch and daycare center Bright Horizons. All three occupants have long-term leases.

HPNY’s Kevin Esh, Ivan Hakimian and Brad Fishbein, who were involved in the off-market deal, declined to comment, as did Tawil.

Greystone converted four industrial buildings on the site into a single 102,000-square-foot, six-story condo property in 1999. The property’s alternate addresses are 49-53 North Moore Street and 44-46 Beach Street.