Imperium Capital, Centurion Realty pay $80M for retail space at Soho’s 40 Mercer St.
Imperium Capital’s Sam Schneider and Daniel Glaser have partnered with Centurion Realty and an institutional investor to buy the retail condominium at the base of the Jean Nouvel-designed 40 Mercer Street for $80 million, the New York Post reported.
The retail condo – which stretches 75 feet along Broadway, 200 feet on Grand StreetAnd 45 Feet On Mercer Street – has 9,400 square feet of ground floor space and 4,700 square feet of below-grade space. The sellers were Savanna’s Nicholas Bienstock and Christopher Schlank, who paid $57.5 million for the condo last year, as The Real Deal reported. The space was marketed by Studley’s Woody Heller and Will Silverman. Current tenants, such as Bose, Wells Fargo and Dermalogica, are considered to be paying rents well below market levels. [NYP, 4th item] – Hiten Samtani