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

Property Image
SOLD
$12,000,000

New York

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Retail9,400 SF
Sold 03/19/2026
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Property Image
SOLD

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

490 8th Avenue

See Similar Deals
Retail9,400 SF
Sold 03/19/2026
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,276
Total Square Footage:9,400 SF
Transaction Type:Sale

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.

Players

Steven Roth
Vornado Realty Trust
Steven Roth
45 deals$4.4B volume
BUYER

Details

SOLD
IMAGE: Steven Roth DATE: 03/19/2026 ADDRESS: 490 8th Avenue MARKET: Garment District, Manhattan ASSET TYPE: Retail BUYER: Steven Roth - Vornado Realty Trust (@VornadoRealtyTrust) SELLER: Bruce Neuman SALE PRICE: $12,000,000 SF: 9,400 ~ PPSF: $1,277 NOTE: Steven Roth’s Vornado Realty Trust acquired a 9,400-square-foot retail property at 490 8th Avenue in Manhattan’s Garment District from Bruce Neuman for $12 million. The transaction closed at approximately $1,277 per square foot.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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