SOLD
Glass Stone Properties LLC Acquires Mixed-Use Building In SoHo, Manhattan For $21M
173 Spring Street
Mixed-use
13,816 SF
13,816 SF
Sold 47 days ago
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:
- Property Type: Mixed-use
- Transaction Amount: $21,000,000
- Address: 173 Spring Street
- Market: Soho, Manhattan
- Buyer: Glass Stone Properties LLC
- Seller: Extell Development, Bluestone Group & Princeton Real Estate Partners
- Brokers: Dylan Kane, Eric Toddy, Jared King, Peter Nicoletti, Sarah Short & Zach Redding - colliers-international'>Colliers International
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.
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7
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6
Agencies
1
Details
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.View on map
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