The 7-floor boutique warehouse at 200 Lafayette Street, erected in 1896, has been a real estate investors dream in recent years, doubling or tripling its owners money.
Developer CIM Group, along with Jared Kushner, bought the building in 2011 from the Zaccaro family for $50 million (the Zaccaros had purchased the building for about $20 million in 2006). CIM and Kushner then spent millions to redevelop the old buildings interior, with the hope of making it an attractive destination for businesses looking for posh SoHo lofts. The renovated office space lured in JCPenney, which had leased the entire building for a couple years until pulling out of all but one of the floors, and Greek yogurt-maker Chobani.
In 2013 the building was then sold for $150 million to real estate investment trust General Growth Properties, known primarily for its holdings in malls across the country. In 2015, General Growth Properties began shopping the property yet again (though it planned to keep the ground-level retail floor) for roughly $120 million. -NR
- Address 200 Lafayette Street
- neighborhood Soho
- borough Manhattan
- owner General Growth Properties
- floors 7
- block and lot 1-00482-7504
- BIN 1007223
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- Event Sales
- Address 200 Lafayette Street
- Neighborhood Soho
- Borough Manhattan
- Square feet 80,000
- Price $ 125,000,000
- Price per foot $ 1,562.50
- Publication Date 06/01/2015
- Event Date 04/22/2015
- Party 1 General Growth Properties
- Party 1 Brokerage Darcy & Company
- Party 2 LaSalle Investment Management
- Event Office Leasing
- Address 200 Lafayette Street
- Neighborhood Soho
- Borough Manhattan
- Square feet 33,560
- Publication Date 04/01/2015
- Event Date 02/20/2015
- Party 1 200 Lafayette LLC
- Party 1 Brokerage CBRE
- Party 1 Broker Paul Amrich, Neil King, Patrice Meagher
- Party 2 Chobani
- Party 2 Brokerage Sinvin Real Estate
- Event Office Leasing
- Address 200 Lafayette Street
- Neighborhood Kips Bay
- Borough Manhattan
- Square feet 130,000
- Price per foot $ 68.00
- Publication Date 06/01/2012
- Event Date 04/22/2012
- Party 1 Kushner Companies, CIM Group
- Party 1 Brokerage Newmark Grubb Knight Frank
- Party 1 Broker Susan Kurland, David Falk, Jason Greenstein
- Party 2 JCPenney
- Event Sales
- Address 200 Lafayette Street
- Neighborhood Soho
- Borough Manhattan
- Square feet 90,000
- Price $ 50,000,000
- Price per foot $ 555.56
- Publication Date 03/01/2012
- Event Date 01/21/2012
- Party 1 John Zaccaro Sr., John Zacarro Jr.
- Party 1 Brokerage Massey Knakal Realty Services
- Party 1 Broker Robert Burton
- Party 2 Kushner Companies, CIM Group
- Party 2 Brokerage Corcoran Group
- Party 2 Broker Denise LaChance, Ariel Brenner