Subhash Makhija Of GEP Acquires Office Condo In Hudson Square For $6.5M From Ascot Properties NYC

The asset involved in the transaction is a third-floor office condo located at 121 Varick Street in Hudson Square, Manhattan. The property was sold for $6,500,000, reflecting the market value of the area. The sale was recorded in February 2026.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $6,500,000
• Buyer: Subhash Makhija
• Buyer's Company: GEP
• Seller: Ascot Properties NYC

In this transaction, Subhash Makhija, through an affiliated entity, represented the buyer’s interests in acquiring the property from Ascot Properties NYC. The deal highlights the involvement of established entities within the real estate market.