Brodsky Organization Acquires Retail Property On West Houston Street For $8.8M

The retail property located at 25 West Houston Street in Soho, Manhattan, was sold for $8,800,000. Spanning 7,983 square feet, the property was purchased by the Brodsky Organization from seller Timothy Quinlan. The transaction resulted in a price per square foot of $1,102.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $8,800,000
• Buyer: Brodsky Organization
• Seller: Timothy Quinlan
• Brokers: Trever Gallina & Eric Anton - Marcus & Millichap
• Address: 25 West Houston Street, Soho, Manhattan
• Market: Soho, Manhattan

Trever Gallina and Eric Anton of Marcus & Millichap represented the buyer and seller in this transaction. The Anton Group managed to attract over 100 Confidentiality Agreements from potential investors within a mere 10 days of listing the property. The property garnered interest from various types of investors, and the ultimate buyer was drawn to the location of the property. Situated in an international shopping destination, the property is in demand from luxury brands and is experiencing a rise in rental rates.