Bobby Zar Of ZG Capital Partners Acquires Mixed-Use Properties In Greenwich Village For $18.5M

The mixed-use properties located at 827-831 Broadway and 47 East 12th Street are situated in the Greenwich Village market. These landmarked properties have been transacted for a sale price of $18,500,000, representing a significant reduction from the $60 million that Quality Capital and Caerus Group previously paid in 2015.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $18,500,000
• Buyer: Bobby Zar - ZG Capital Partners
• Seller: Quality Capital & Caerus Group
• Buyer's Representative: Bobby Zar & James Tamborlane - ZG Capital Partners
• Seller's Representative: Brett Siegel, Maurice Suede & Adam Spies - Newmark
• Date of Transaction: 07/09/2026

The deal was facilitated through a lender-directed short sale, which highlights the shift in valuation from the earlier purchase. Bobby Zar of ZG Capital Partners led the acquisition, marking a notable transition for the properties. The involvement of representatives from Newmark indicates a structured approach to the transaction on behalf of the sellers.