Kings Capital Acquires Retail Property In West Village For $1.4M

George Giannopoulos and Richard Wheeler have sold a retail property located at 9 Jones Street, Manhattan in the West Village market. The transaction took place on 03/18/2022.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,400,000
• Address: 9 Jones Street, Manhattan
• Market: West Village

The buyer, Kings Capital, represented by George Giannopoulos, Jeffrey Znaty, Thomas Giannopoulos, and Richard Wheeler, along with No Thing Group, LLC, Niko Exarhos, Ioannis Vasilas, and Richard Wheeler, purchased the property. The seller is Frank Pellegrino.

The property spans 2,000 square feet, resulting in a price per square foot of $700. Kings Capital acquired the property through an off-market transaction from a long-term ownership in partnership with No Thing, LLC. Notably, the location will feature the hospitality brand of No Thing, LLC, which includes celebrities such as an NBA Hall-of-Famer.

Kings Capital has been involved in over $30,000,000 worth of transactions in recent months and is currently in a hard contract for another $47,000,000 in acquisitions. The company continues to actively seek new value-add opportunities. Those interested in learning more or submitting offerings can reach out to [email protected].