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Michael Alvandi Of City Urban Realty Purchases Retail Property At 83 Thompson Street For $5.6M

Property Image
SOLD
$5,600,000

New York

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Condo2,487 SF
Sold 09/19/2025
the dealdetailscomps
Property Image
SOLD

Michael Alvandi Of City Urban Realty Purchases Retail Property At 83 Thompson Street For $5.6M

83 Thompson Street

See Similar Deals
Condo2,487 SF
Sold 09/19/2025
the dealdetailscomps

Summary

NEW YORK
Asset Type:Condo
Price Per Square Foot:$2,251
Total Square Footage:2,487 SF
Transaction Type:Sale

The retail property at 83 Thompson Street in SoHo, Manhattan, has a sale price of $5,600,000. This property spans 2,487 square feet, making the price per square foot $2,252.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,600,000
  • Address: 83 Thompson Street
  • Market: SoHo, Manhattan
  • Square Footage: 2,487
  • Price per Square Foot: $2,252
  • Buyer: Michael Alvandi - City Urban Realty
  • Seller: Brian Shatz & Josh Zegen - Madison Realty Capital; Abe Shnay & Scott Shnay - SK Development & CB Developers

The transaction involved buyer Michael Alvandi representing City Urban Realty, acquiring the property from a group of sellers that includes Brian Shatz and Josh Zegen from Madison Realty Capital, alongside Abe Shnay and Scott Shnay from SK Development and CB Developers.

Players

CR
City Urban Realty
BUYER
Madison Realty Capital
Madison Realty Capital
SELLER
SK Development
SK Development
SELLER
CD
CB Developers
SELLER

Details

SOLD
IMAGE: Brian Shatz, Josh Zegen, Michael Alvandi & Scott Shnay DATE: 09/19/2025 ADDRESS: 83 Thompson Street MARKET: SoHo, Manhattan ASSET TYPE: Retail BUYER: Michael Alvandi - City Urban Realty SELLER: Brian Shatz & Josh Zegen - Madison Realty Capital (@MadisonRealtyCapital); Abe Shnay & Scott Shnay - SK Development (@SKDevelopment) & CB Developers SALE PRICE: $5,600,000 SF: 2,487 ~ PPSF: $2,252 NOTE: City Urban Realty bought the retail property at 83 Thompson Street in SoHo from Madison Realty Capital, SK Development, and CB Developers for $5.6 million.

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