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

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
Here’s what the $10M-$30M NYC investment sales market looked like last week
Triangle Junction at 2201 Nostrand Ave (Google Maps, Getty)
Aldi signs lease for 20K-sf store in Flatbush
Aldi signs lease for 20K-sf store in Flatbush
Bella Hadid and 63 Greene Street (Getty, StreetEasy)
Bella Hadid’s $6.5M Soho penthouse finds a buyer
Bella Hadid’s $6.5M Soho penthouse finds a buyer
Clockwise from left: Flushing’s Main Street, City Point in Brooklyn and Bronx’s Fordham Road (Getty)
Manhattan’s retail loss is outer boroughs’ gain
Manhattan’s retail loss is outer boroughs’ gain
Gaia's Daniel Fishman and 416 West 52nd Street (Linkedin, Google Maps)
Bulk condo deal leads Manhattan’s mid-market i-sales
Bulk condo deal leads Manhattan’s mid-market i-sales
2 Bank Street (Google Maps, iStock)
Pizzeria featured in “Eat Pray Love” signs lease in Greenwich Village
Pizzeria featured in “Eat Pray Love” signs lease in Greenwich Village
Dollar General CEO Todd Vasos (Retail Industry Leaders Association, iStock)
Dollar General thrives amid retail apocalypse
Dollar General thrives amid retail apocalypse
(Getty)
Manhattan retail market awaits recovery as vacancies rise in Q1
Manhattan retail market awaits recovery as vacancies rise in Q1
arrow_forward_ios

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

Loading...