Elie Pariente's EMP Capital Acquires Mixed-Use Property In SoHo For $17M

A mixed-use property located at 149 Spring Street in SoHo has been sold in a recent transaction. The property was purchased by Elie Pariente of EMP Capital from the Danzger Family. The sale was facilitated by Joe Koicim, Peter Dodge, Shaun Riney, and Andrew Bronsteen of NYM Group, who represented both the buyer and seller on behalf of Marcus & Millichap. The sale price for the property was $17,000,000.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $17,000,000
• Address: 149 Spring Street, SoHo
• Buyer: Elie Pariente - EMP Capital
• Seller: The Danzger Family
• Brokers: Joe Koicim, Peter Dodge, Shaun Riney, and Andrew Bronsteen (NYM Group) - Marcus & Millichap

The property consists of 8 units, with a per unit price of $2,125,000. The total square footage of the property is 18,409, with a price per square foot of $923. The property has a Tax Class 2B classification, and the retail component was delivered vacant at the time of the sale. It is worth noting that the property had been owned by the same family for over 40+ years.