Paul Xuereb Acquires Retail Property On SoHo's Broadway For $23.5M

The retail property located at 484-486 Broadway in SoHo has been sold in a transaction that closed on December 19, 2022. The property spans approximately 21,000 square feet and was sold for a total price of $23,500,000, resulting in a price per square foot of $1,119. The sale was facilitated by James Nelson, Brent Glodowski, and Kate Kabili from Avison Young, representing the seller, Vornado Realty Trust. On the buyer's side, Nicholas Judson from Judson CRE represented Paul Xuereb in the transaction.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $23,500,000
• Address: 484-486 Broadway
• Market: SoHo

The sale of this retail asset showcases the thriving real estate market in SoHo. Both the buyer, Paul Xuereb, and the seller, Vornado Realty Trust, were represented by experienced professionals in the industry. Nicholas Judson of Judson CRE acted as the buyer's representative, ensuring the smooth completion of the transaction, while James Nelson, Brent Glodowski, and Kate Kabili of Avison Young served as the seller's representatives. This successful deal highlights the demand for retail properties in the popular SoHo market and the expertise of the involved parties.