This transaction involves the sale of a retail property located at 120 Spring Street in Soho, Manhattan. The asset encompasses 2,300 square feet and has been sold for a total transaction price of $18,500,000, translating to a price per square foot of $8,043. The property is fully leased to Birkenstock, a publicly traded company listed on the NYSE under the ticker BIRK.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $18,500,000
• Address: 120 Spring Street
• Market: Soho, Manhattan
• Square Footage: 2,300
• Price per Square Foot: $8,043
• Broker: Michael Hunter Coghill - Adirondack Capital Partners

Adirondack Capital Partners successfully facilitated this transaction, representing the sale and ensuring the completion of the deal involving this fully leased retail property, significantly enhancing their portfolio in Manhattan's competitive market.