Weybourne Properties Acquires Retail Property In New York City For $60M

The retail property located at 155 Mercer Street in New York City has been sold in a closed transaction. The property spans 13,500 square feet and was sold for a total price of $60,000,000, resulting in a price per square foot of $4,444. The buyer is Weybourne Properties, represented by James Dyson, while the seller consists of Thor Equities and ASB Real Estate.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $60,000,000
• Address: 155 Mercer Street
• Market: New York City
• Buyer: Weybourne Properties - James Dyson
• Seller: Thor Equities & ASB Real Estate
• Brokers: Doug Middleton, Daniel Kaplan & Justin Arzi - CBRE

The deal was facilitated by brokers Doug Middleton, Daniel Kaplan, and Justin Arzi from CBRE. They played a crucial role in representing the buyer and seller, ensuring a successful transaction. This sale demonstrates the robust retail market in New York City, with the property at 155 Mercer Street garnering significant attention and achieving a favorable sale price.