George Makkos Acquires Office Building In SoHo, Manhattan For $3.25M

An office building located at 79 Mercer Street in the SoHo neighborhood of Manhattan has been sold in a recent transaction. The property, zoned as M1-5A, offers a total building square footage (BSF) of 12,250 with a price per BSF (PPBSF) of $265. The total square footage (SF) of the building is 13,475, with a price per square foot (PPSF) of $241. The transaction took place on October 28, 2022, and the property was sold for a total price of $3,253,500. The lot size is 2,450, and the lot dimension is 24.5 ft x 100 ft.

Summary of transation details

• Property Type: Office Building
• Transaction Amount: $3,253,500
• Market: SoHo, Manhattan
• Zoning: M1-5A
• BSF: 12,250
• PPBSF: $265
• SF: 13,475
• PPSF: $241
• Lot Size: 2,450
• Lot Dimension: 24.5 ft x 100 ft

The buyer in this transaction is George Makkos, and the seller is Thomas Makkos.

It is important to note that the property has a Floor Area Ratio (FAR) of 5.5 and falls under tax class 4. Additionally, an alteration permit (Alteration 2) was issued on June 20, 2019.