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

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.