Edmond M. Safra Of EMS Capital Acquires Retail Leasehold At 453 Broome Street For $19.5M

The retail leasehold at 453 Broome Street, located in the SoHo market of Manhattan, was sold for $19,500,000. The asset encompasses 4,800 square feet, resulting in a price per square foot of $4,063.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $19,500,000
• Buyer: Edmond M. Safra - EMS Capital
• Seller: Richard Chera - Crown Acquisitions
• Date of Transaction: 08/29/2024
• Market: SoHo, Manhattan
• Previous Loan Amount: $19,250,000

EMS Capital was led by Edmond M. Safra during the acquisition from Crown Acquisitions, represented by Richard Chera. At the time of the transaction, the seller had a loan of $19.25 million that was paid off.