Sale Value: $46 million
RFR Holding has offered the ten,139-square-foot retail constructing in Manhattan’s SoHo neighborhood to Japan-based Arkray Inc. The four-story constructing dates to 1910 and is presently occupied by the posh model Cartier, which upgraded the interiors in collaboration with Paris-based architectural agency Studioparisien. The property final modified fingers in 2022, when RFR Holding paid $31.5 million. The vendor was TA Realty.
Sale Value: $35 million
Empire State Realty Belief bought the 7,684-square-foot retail constructing within the borough’s Williamsburg neighborhood from L3 Capital. The property is a three-building, single-story advanced that dates again to 1945 and is now a part of the brand new possession’s assortment of prime retail buildings on N. sixth Avenue. The constructing additionally features a second-floor terrace and would be the future dwelling of Hermès, in accordance with Empire State Realty Belief’s web site.
Sale Value: $30 million
A personal particular person engaged on behalf of George Schwartz property offered the 16,000-square-foot, three-building retail advanced in Koreatown to Houston-based Landry’s Inc. The property initially got here on-line in 1915 and features a five-story constructing and a complete of two,760 sq. ft of workplace house. It’s occupied by Keens Steakhouse, which used it as a longtime location in Midtown Manhattan. The brand new possession, Landry’s Inc., is a hospitality model owned by Tilman Fertitta, the Texas billionaire who owns the Houston Rockets.
Sale Value: $27.5 million
UBS Realty Traders has offered the retail property in Manhattan’s East Village neighborhood to Lawrence Movtady’s MOVCAP. The 15,851-square-foot constructing dates again to 1920 and was the previous dwelling of Andy Warhol’s Electrical Circus nightclub, that operated between 1967 and 1971. The seven-story construction beforehand modified fingers in 2020 for $35 million, when UBS picked it up from Cape Advisors. The brand new possession plans to the touch up the asset and to proceed to function the multifamily part of the property, comprising 41 rental items, in accordance with Crain’s New York Enterprise.
Sale Value: $18.9 million
Acadia Realty Belief has bought the 8,322-square-foot retail property in Williamsburg from MARK Capital. The 2-story constructing got here on-line in 1910 and was final upgraded in 2018. The asset contains 5,522 sq. ft of retail house, 2,800 sq. ft of storage space and is presently absolutely occupied by the attire firm Madewell.
—Posted on December 27, 2024
