CoFinance Group And Kings Capital Acquire Mixed-Use Property In Soho For $21 Million

The property asset involved in this transaction is a mixed-use building located at 392 West Broadway in Soho, Manhattan. It was sold for a price of $21,000,000 and features a total square footage of 16,678, which results in a price per square foot of $1,259.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $21,000,000
• Address: 392 West Broadway
• Market: Soho, Manhattan
• Square Footage: 16,678
• Price per Square Foot: $1,259
• Buyers: Alex de Montebello - CoFinance Group; George Giannopoulos & Jeff Znaty - Kings Capital
• Seller's Representatives: Bobby Carrozzo, Michael Gembecki, Brett Weisblum, Evan Lush & Robert Burton - Cushman & Wakefield

The parties involved in this deal include a joint venture directed by CoFinance Group and Kings Capital, who are planning to convert the existing building into an exclusive, luxury boutique condominium. The seller's representation was managed by a team from Cushman & Wakefield, highlighting their role in facilitating this high-value transaction.