Olmstead Properties Acquires Mixed-Use Asset From Blackstone And L3 Capital For $53M In Soho

The mixed-use asset located at 61-63 Crosby Street in Soho, Manhattan was sold for $53,000,000. The property encompasses a total area of 32,400 square feet, equating to a price per square foot of $1,635.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $53,000,000
• Address: 61-63 Crosby Street
• Market: Soho, Manhattan
• Square Footage: 32,400
• Price Per Square Foot: $1,635
• Buyer: Olmstead Properties
• Seller: Blackstone & L3 Capital
• Brokers: Adam Spies, Brett Siegel, Adam Doneger, Douglas Harmon, Joshua King, Marcella Fasulo, Avery Silverstein, Benjamin (Ben) Lushing & Meaghan Philbin - Newmark

The transaction involved multiple key players from Newmark, with notable representatives including Adam Spies, Brett Siegel, and Douglas Harmon among others. The brokers played a crucial role in facilitating the deal between the buyer and the seller, ensuring all aspects of the transaction were addressed efficiently.