Soho | The Real Deal New York

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Soho

Soho
New York, NY 10002

Soho is one of Manhattans archetypal 20th century gentrification stories.

As has been well documented, the neighborhood which stretches south of Houston Street to Canal Street and is bounded by West Broadway to the west and Lafayette Street to the east went from being a haven for artists in the 1960s and 1970s to one of the citys priciest neighborhoods, where loft spaces were particularly prized.

At the end of 2004, The Real Deal reported that the average price of an apartment in Soho had reached $1.56 million, up from $417,000 a decade earlier. By 2006, the neighborhood, along with Tribeca, had the highest average rents in the city.

Owing to zoning and landmark restrictions, there wasnt a great deal of new development in Soho during the condo boom of mid-2000s. One of the most notable and controversial projects was the 46-story Trump Soho, a condo-hotel where prices eclipsed $8.7 million as early as summer of 2011.

The neighborhood has also become known for its many retail offerings: On Broadway, large retailers such as H&M and Aldo have increasingly occupied storefronts, while on side streets many high-end independent boutiques have set up shop.

-GB

  • Address Soho
  • neighborhood Soho
  • borough Manhattan

12/13/18
...Brooklyn Tech firm Blue State Digital is leaving Soho for DoBro. The company, which specializes in online fundraising and social networking, has inked...

12/12/18
...a commercial condo unit at 42 Crosby Street in Soho to Premier Equities for $14.3 million. Other recent property trades in and around Morningside Heights...

12/11/18
...in 2005 to Lower Manhattan neighborhoods such as Nolita, Soho, Tribeca and the West Village. NYC on track to meet affordable housing goals The...

12/07/18
...Gucci's Soho store Gucci has extended its lease in Soho for at least 10 years. The company...

12/06/18
...-a-year apartment along the High Line and open Soho House-type club at Aby Rosen's 281 Park Avenue...

12/06/18
...under seal. And in April, Sharif El-Gamal’s Soho Properties sued Hidrock Properties, alleging the firm used confidential information obtained during an air...

12/04/18
...could not be immediately reached for comment. The Soho...

12/04/18
Retail landlords are finally lowering their prices. According to the Real Estate Board of New York’s fall retail report, retail rents have dropped and stabilized,...

12/02/18
...five New York homes: a Brooklyn brownstone, a SoHo loft, an apartment in lower Manhattan, a residence in the Hamptons and a 43rd-floor...

...in 2005 to Lower Manhattan neighborhoods such as Nolita, Soho, Tribeca and the West Village. NYC on track to meet affordable housing goals The...

11/29/18
...Felix Sater, who previously worked on the Trump SoHo hotel and condo, among other Trump licensing deals. “In Russia, the oligarchs would bend...

11/29/18
...heads the Bayrock Group which co-developed the Trump Soho. Cohen reportedly said he didn’t hear back and the project was abandoned. Cohen...

11/27/18
...building on the site. 4) Sitt & Sutton in Soho - $200 million Jeff Sutton’s Wharton Properties and Joseph Sitt’s Thor Equities refinanced...

11/26/18
WeWork is expanding in the Midtown office building where it is hosting Amazon. The co-working provider signed a 60,000-square-foot lease expansion at 2 Herald Square,...

11/16/18
The Corcoran Group’s Eric Becker is jumping to Douglas Elliman — and taking a pricey penthouse listing with him. The penthouse at 421 Broome Street...

11/12/18
...investment sales last week, Premier Equities bought a Soho commercial condo and investor Elliot Sohayegh sold a Hell's Kitchen building. 1.) Premier Equities bought...

11/09/18
WeWork has inked another pair of leases in Manhattan totaling 106,320 square feet. The company has signed leases at Winter Properties’ 57 East 11th Street...

11/08/18
...left behind the very 148 Lafayette Street address in Soho it was named after. The whole calculus could radically change if Amazon decides to...

11/07/18
...year, snatched up a brand new penthouse in Soho. Kalanick bought an apartment at 565 Broome Street for $36.4 million, the Wall Street Journal reported...

11/06/18
...last month announced two new spaces, one in Soho, the other in Greenpoint — recalled touring a space in Chicago’s Fulton Market area...

11/03/18
...s. Since first surfacing in New York’s SoHo neighborhood around 2011, the so-called “clicks-to-bricks” phenomenon has spread to other major cities. A JLL...

11/02/18
Some co-working companies aren’t happy about CBRE’s new flexible workspace venture. The brokerage announced on Wednesday that it will start inking property management agreements with...

11/02/18
...at the edge of Tribeca, Hudson Square and Soho, complete with new building systems and a design by Gensler, the architecture firm know...

11/02/18
...Estate represented the landlord, Wasserstein Enterprises. 9) CVS, One Soho Square, SoHo - 13,266 square feet The pharmacy signed a lease for 13,266 square feet of...

...last month announced two new spaces, one in Soho, the other in Greenpoint — recalled touring a space in Chicago’s Fulton Market area...

...the 1980s, it struggled with 29 King Street in Soho. Even after holding some units and renting them out for a few years, “we...

...is not happening is the 20,000-square-foot deal in Soho.” The softness in the market can actually bring some additional work to brokers, according...

retail-feature
05/20/16
...And some tenants are moving to cheaper locations. “Soho will always be Soho, but there needs to be a correction,” said Newmark Grubb...

...is happening in other popular areas such as Soho and Times Square, which are dealing with the reality of being so pricey that...

office-tenants-feature
01/26/16
The top 25 office tenants in Manhattan take up more than 56 million square feet of space, and JPMorgan Chase occupies more of it than any...

Hindsight is a precious thing, but foresight may be easier on the bottom line. In the wake of the 2008 financial crisis, it was easy...

09/22/15
...Manhattan’s most popular shopping strips, Broadway in Soho and Fifth Avenue between 49th and 60th streets, is at a near halt, according...

...investors in major deals from Times Square to Soho to Downtown Brooklyn. This month, as many of these moguls spend the dog days...

07/21/15
...million sellout); Bizzi & Partners’ 96 Varick Street in Soho (115 units, no sellout price detailed); Toll Brothers’ 959 First Avenue in Turtle Bay (113 units, $271 million...

07/07/15
From affordable housing to skyscraper megaprojects, Queens nabbed the spotlight for the majority of large residential projects filed in June with the Department of Buildings....

...her listings. The six penthouses atop the famed Soho building incorporate original details like barrel-vaulted ceilings with ultra high-end finishes, and prices range...

...at WeWork’s space at 175 Varick Street in Soho In New York City’s shared-office world, there is WeWork and Regus, and then...

...company of clothing store Zara, at 504 Broadway in Soho, setting a per-square-foot record for the neighborhood. To date, his six-person firm has closed...

...Park. In addition, over the past two years, Soho China spent $1.9 billion, including $700 million for a stake in the GM building and $600 million...

...greater availabilities. The amount of available space in Soho crept up earlier this year, data from a Cushman report in July showed. And...

Midtown Manhattan
...in Midtown South, and the corridor from roughly Soho to the Flatiron District on Fifth Avenue and Broadway came to be known as...

...last 24 months,” said Alan Miller, managing principal with Soho...

...Associates and the Adjmi family at 529 Broadway in Soho. All these new projects will greatly increase the number of existing properties that rake...

...townhouse at 113 Bedford Street, and a $12.5 million prospective Soho loft building at 508 Broadway. Click to enlarge Click to enlarge Strength in numbers When...

...firm’s seventh location opened at 337 Broadway in Soho in January, while its eighth outpost, a 65-agent office in Greenwich Village, launched last...

...hulking, three-block-long office building straddling the border of Soho and the Meatpacking District may provide relief to tenants priced out of the famously...

...the Louis Dreyfus Property Fund, acquired the 150,314-square-foot Soho office-and-retail building during the peak of the real estate market, in February 2007, for $59 million...

...company,” said Michael Rouzenrouch, president of the six-person, Soho...

...the West Village and the Mercer Hotel in Soho, among others. Hanson said the relatively inexpensive pod hotels — room rates there start at...

...this month), while designer Stella McCartney relocated to Soho in January. “Like ... likes to be with like. Fashion tenants that want to be...
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Market Reports
...while six areas saw a decrease in rents. Soho, where rent averages $556 per square foot, saw the highest year-over-year increase in asking rent...

Cushman & Wakefield
...brands made up 39 percent of retail stores in Soho, and along Fifth and Madison avenues. Soho tops the list as the most diverse...

ABS Partners
...for Dolce & Gabbana at 155 Mercer Street in Soho. View the full report online here. Q2 2015 Manhattan retail leasing: ABS Partners...

MNS
...increases were highest in the Financial District and SoHo, where rent increased 13 percent to $4,322. View the full report online here. January 2015 Manhattan residential...

...year to $883 per square foot. On Broadway in SoHo between Houston and Broome the average asking rent increased 19 percent to $890 per square foot...

...twelve months. Average ground floor asking rents in SoHo on Broadway between Houston and Broome have reached $762 per square foot, an increase of...