Mike Babaian Purchases Retail Property At 555 Broadway From Fanyi Wang For $1.05M

The retail asset located at 555 Broadway in Soho, Manhattan, closed at a transaction price of $1,050,000. The property boasts a total square footage of 2,500 and has a price per square foot of $420.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,050,000
• Address: 555 Broadway
• Market: Soho, Manhattan
• Buyer: Mike Babaian
• Seller: Fanyi Wang
• Broker: Lina Shi - S10 Realty Group
• SF: 2,500
• PPSF: $420

Lina Shi from S10 Realty Group represented the seller, Fanyi Wang, in this transaction. The sale was completed in 30 days and was marked by multiple cash offers, with the property being sold in as-is condition.