Spear Street Capital Acquires Office And Retail Asset In SoHo Manhattan For $40M

The property involved in this transaction is located at 165 Mercer Street in SoHo, Manhattan. It includes both office and retail components, encompassing a total area of 30,965 square feet. The transaction was completed for a sale price of $40,000,000, resulting in a price per square foot of $1,291. Additionally, a loan amounting to $24,000,000 was secured as part of this deal.

Summary of transaction details:

• Property Type: Office & Retail
• Transaction Amount: $40,000,000
• Loan Amount: $24,000,000
• Buyer: Spear Street Capital
• Seller: Batt Family
• Brokers: David Giancola, Aaron Niedermayer, Andrew Scandalios & Jennifer Zelko - JLL

Key individuals associated with this transaction include the buyer, Spear Street Capital, and the seller, Batt Family. The brokers representing the involved parties are David Giancola, Aaron Niedermayer, Andrew Scandalios, and Jennifer Zelko from JLL, who facilitated the transaction process.