Here’s what the $20M-$30M NYC investment sales market looked like last week

The Sabet Group drops $21M for a mixed-use building in Soho

TRD New York /
Aug.August 12, 2019 01:15 PM
From left: 47-49 Greene Street, 129 West 46th Street and 457 Broome Street (Credit: Google Maps and Meridian Investment Sales)

From left: 47-49 Greene Street, 129 West 46th Street and 457 Broome Street (Credit: Google Maps and Meridian Investment Sales)

From a Soho retail condo to a Times Square hotel, here are the details on New York City’s commercial deals last week.

1.) Acadia Realty Trust bought another retail condominium unit along Soho’s Greene Street, where the real estate investment trust already owns several retail stores, property records show. Acadia shelled out $24.8 million for the retail space at EMP Capital’s 47-49 Greene Street, which houses a Theory store.

 

2.) Apple Core Holdings sold a nine-story, nearly 27,000-square-foot Times Square hotel for $24 million, according to property records. Key Hotels, LLC, was the buyer of 129 West 46th Street, which appears to be a Casa Tua hotel, and secured a $16.75 million mortgage from W Financial Fund, LP, for the deal.

 

3.) The Sabet Group picked up 457 Broome Street, a six-story, mixed-use building in Soho, for $21.3 million, according to property records. The seller was Beam-Rich Inc. The almost 25,000-square-foot building has nine apartments, plus retail and office space, according to Commercial Observer, which first reported on the transaction. Meridian Capital Group’s David Schechtman, Lipa Lieberman and Abie Kassin represented the seller.


Related Articles

arrow_forward_ios
Clockwise from top left: 162 West 13th Street, 325 Avenue Y in Brooklyn, 1281 Viele Avenue in the Bronx (Credit: Google Maps)

Here’s what the $10M-$30M NYC investment sales market looked like last week

Amazon leases nearly 154 million square feet of warehouse space compared to the 4 million square feet it owns (Credit: iStock)

How Amazon became the leasing king of e-commerce

James Famularo of Meridian Capital Group and Jeff Edison of Phillips Edison & Company (Credit: iStock)

What apocalypse? Expo showed few signs of retail’s struggles

VTS CEO Nick Romito (Credit: iStock, VTS)

VTS to focus on retail customers in 2020

Gary A. Shiffman and Prologis CEO Hamid R. Moghadam (Credit: Prologis)

Here’s why “Steady-Eddie” REITs are having a standout 2019

From left: 86-08 Queens Boulevard, 169 First Avenue and 3540 Decatur Avenue (Credit: Google Maps)

Raymour & Flanagan purchase tops week’s mid-market investment sales

Rumble's Chelsea location at 146 West 23rd Street, Noah Neiman and Brian Ripka (inset) (Credit: Getty Images and Google Maps)

The gloves are off: Another lawsuit for boxing chain Rumble

Target ads (right) seen on the corner of 42nd Street Eighth Avenue (Credit: Google Maps)

Target sets bullseye on Times Square with new lease

arrow_forward_ios
Loading...