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173 Spring Street
SOLD

Glass Stone Properties LLC Acquires Mixed-Use Building In SoHo, Manhattan For $21M

173 Spring Street

Mixed-use
13,816 SF
clock iconSold 73 days ago
Peter Nicoletti
Zach Redding
Dylan Kane
+ 4
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Summary

Sale
NEW YORK
Mixed-use
13,816 sqft

The mixed-use building at 173 Spring Street in SoHo, Manhattan, was sold for $21 million. The property spans 13,816 square feet with a price per square foot of $1,520. The building's price per buildable square foot stood at $1,109, totaling 18,940 buildable square feet.

Summary of transaction details:

Glass Stone Properties LLC acquired the property from Extell Development, Bluestone Group, and Princeton Real Estate Partners as part of a larger portfolio once owned by Robert Gans, who lost it in bankruptcy.

Players

  • All

    7

  • Agents

    6

  • Agencies

    1

Peter Nicoletti's profile picture
Peter Nicoletti
Colliers International-image
Managing Director | Head of Capital Markets
$21M Sold
Zach Redding's profile picture
Dylan Kane's profile picture
Eric Toddy's profile picture
Jared King's profile picture

Details

Deal Summary
minus icon
SOLD
IMAGE: Zach Redding, Jared King, Gary Barnett, Eric Toddy, Peter Nicoletti, Sarah Short & Dylan Kane DATE: 03/15/2024 ADDRESS: 173 Spring Street MARKET: Soho, Manhattan ASSET TYPE: Mixed-use BUYER: Glass Stone Properties LLC SELLER: Extell Development (@Extell), Bluestone Group & Princeton Real Estate Partners BROKERS: Dylan Kane (@DylanKane1), Eric Toddy, Jared King, Peter Nicoletti, Sarah Short & Zach Redding (@ZRedds) - Colliers International (@ColliersInternational) SALE PRICE: $21,000,000 BSF: 18,940 ~ PPBSF: $1,109 SF: 13,816 ~ PPSF: $1,520 NOTE: Glass Stone Properties LLC purchased the mixed-use building at 173 Spring Street in SoHo, Manhattan, from Extell Development, Bluestone Group, and Princeton Real Estate Partners for $21 million, part of a portfolio once owned by Robert Gans, who lost it in bankruptcy.

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