KB Realty Partners And Infinity Real Estate Acquire Retail Condo In Nolita For $11.75M

The property involved in the transaction is a retail condo located at 75 Kenmare Street in Nolita, sold for $11,750,000. The condo spans 10,000 square feet with a price per square foot of $1,175. It is fully leased to tenants including Undefeated, Nemesis Coffee, Bondi Sushi, and M Jewelers.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $11,750,000
• Address: 75 Kenmare Street
• Market: Nolita
• Square Footage: 10,000
• Price per Square Foot: $1,175
• Buyer: Jon Krasner - KB Realty Partners, David Berg and Steven J. Kassin - Infinity Real Estate
• Seller: First Atlantic Realty
• Broker: Masonre
• Attorney: Harvey I. Krasner, Chair, Real Estate Practice Group, Warshaw Burstein, LLP

Infinity Real Estate and KB Realty Partners have enhanced their presence in the SoHo/Nolita retail market through this acquisition. The involvement of their representatives, David Berg and Steven J. Kassin, indicates a strategic investment in this thriving location.