33 Equities Acquires Mixed-use Property On Spring St. In SoHo For $20M

203 Spring St. located in SoHo has been sold in a closed transaction. The mixed-use property was purchased by 33 Equities, represented by Zach Hering and Tucker Shane. The deal was facilitated by Eric Roth, Bobby Carrozzo, Tyler Signora, Harry James, and Robert Burton from Cushman & Wakefield. The sale price for the property was $20,000,000 with a total area of 12,661 square feet. The price per square foot was $1,579.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $20,000,000
• Address: 203 Spring St.
• Market: SoHo
• Buyer: 33 Equities - Zach Hering & Tucker Shane
• Broker: Eric Roth, Bobby Carrozzo, Tyler Signora, Harry James & Robert Burton - Cushman & Wakefield
• Square Footage: 12,661
• Price per Square Foot: $1,579

The deal for 203 Spring St. presented an opportunity for buyers to acquire a mixed-use property in SoHo. The transaction was led by 33 Equities, while Cushman & Wakefield represented both the buyer and the seller. The property boasts a total area of 12,661 square feet and was sold for $20,000,000 at a price of $1,579 per square foot. It is worth mentioning that during the contract period, several COVID leases rolled, leading to a significant increase in the rent roll of the property.