Steven Roth Of Vornado Realty Trust Acquires Retail Property In Manhattan's Garment District For $12M

A retail property located at 490 8th Avenue in Manhattan's Garment District was sold. The transaction involved 9,400 square feet of space and was acquired for a total of $12,000,000, resulting in a price per square foot of $1,277.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $12,000,000
• Buyer: Steven Roth - Vornado Realty Trust
• Seller: Bruce Neuman
• Date of Transaction: 03/19/2026
• Market: Garment District, Manhattan
• Square Footage: 9,400
• Price per Square Foot: $1,277

Steven Roth's Vornado Realty Trust completed the purchase of the property from seller Bruce Neuman. This transaction represents a significant move within the retail sector of the Garment District, showcasing the active momentum in Manhattan's real estate market.