Spear Street Capital Acquires Office Building In Soho, Manhattan For $48.1M

The office property located at 2 Crosby Street in Soho, Manhattan has been sold in a transaction. The property, covering an area of 38,710 square feet, was sold for a total price of $48,100,000. The sale price per square foot was $1,243. The transaction took place on October 16, 2023.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $48,100,000
• RSF: 38,710
• PPSF: $1,243
• Address: 2 Crosby Street
• Market: Soho, Manhattan

The buyer of the property was Spear Street Capital, while the seller was Intercontinental Real Estate Corporation. The deal was facilitated by the brokers Andrew Scandalios, David Giancola, Jennifer Zelko, and Alexander Riguardi of JLL.