200 Lafayette Street | TRD Research
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200 Lafayette Street

200 Lafayette Street
New York, NY 10013
Office, Retail, Leasing/Rental

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

  • block and lot 1-00482-7504
  • BIN 1007223
  • 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
  • Event Office Leasing
  • Address 200 Lafayette Street
  • Neighborhood Kips Bay
  • Borough Manhattan
  • Square feet 130,000
  • Price per foot $ 68.00
notes
The department store signed a 15-year lease for the entire building, which will be used for its corporate offices, the New York Post reported.
  • Event Sales
  • Address 200 Lafayette Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 90,000
  • Price $ 50,000,000
  • Price per foot $ 555.56
notes
The office tower sold for $50 million. The buyers are planning a $20 million renovation to upgrade the building.

01/01/2013
JCPenney signed a lease for roughly 38,000 square feet of retail space at 200 Lafayette Street...

09/01/2012
Despite the excitement and anticipation of finding a new office space, corporate relocations always come with risk. There is the chance of signing a poorlyDespite the excitement and anticipation of finding a new office space, corporate relocations always come with risk. There is the chance of signing a poorly...

12/01/2011
Other assets include 209 unsold condos in the William Beaver House, a 47-story luxury tower in the Financial District; a stake in 11 Madison Avenue, a fully occupied Art Deco office tower; 737 Park Avenue, long one of the most coveted potential condo conversion sites in the city; and Trump Soho. And as The Real Deal went to press, it was announced that CIM had teamed up with Jared Kushner, principal of the Kushner Companies (and publisher of the New York Observer) to acquire 200 Lafayette Street, an office building in Soho, for $50 million...