Evergreen Peak LLC Acquires 16K SF Office Building In SoHo For $43.7M From JSRE Acquisitions

138 Spring Street is an office asset located in the SoHo market. The property was sold for a transaction amount of $43,700,000. It encompasses 16,000 square feet of space, translating to a price per square foot of $2,731.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $43,700,000
• Address: 138 Spring Street
• Market: SoHo
• Square Footage: 16,000
• Price Per Square Foot: $2,731
• Buyer: Evergreen Peak LLC
• Seller: JSRE Acquisitions

JSRE Acquisitions, the seller, had previously purchased the property and completed the sale shortly after selling nearby Prince Street apartments for $18 million, also at a loss. Evergreen Peak LLC represents the buyer in this transaction.