Northwood Investors Acquires Mixed-Use Property In SoHo For $325M
ShareContact
This Mixed-use property located in NY was sold for $325,000,000 almost 4 years ago. The brokers of the deal were Marcella Fasulo, Kevin Donner, Joshua (Josh) King, Douglas (Doug) Harmon, Adam Spies, and Adam Doneger
View Related
- Location524 Broadway, New York, NY 10012, USA
- Sale Price$325,000,000$1,354 PPSF
- Area240,000 SF
- Asset TypeMixed-use
- Parties6 Brokers, 1 Agency
Agents
Agency
Social
Deal Summary
SALE
IMAGE: Adam Spies, Josh King, Adam Doneger, John Kukral, Doug Harmon, Marcella Fasulo & Kevin Donner
DATE: 05/24/2021
ADDRESS: 524 & 520 Broadway
MARKET: SoHo
ASSET TYPE: Mixed-use
SELLER: Tahl Propp Equities
BUYER: Northwood Investors
BROKERS: Doug Harmon, Adam Spies, Kevin Donner, Marcella Fasulo, Josh King & Adam Doneger @CushWake
TENANTS: @WeWork, @lululemon, @Aritzia, @BalthazarNY @BalthazarBakery
SALE PRICE: $325,000,000
SF: 240,000 ~ PPSF: $1,354
NOTE FROM @CushWake: The SoHo buildings, which include 180,000 square feet of office space and 60,000 square feet of retail space, are more than 90%-occupied by tenants such as the Balthazar restaurant and the Aritzia women’s fashion boutique. Office tenants include WeWork, a commercial real-estate company that provides shared workspaces.
Comparables
Contact
524 & 520 Broadway
Social
Comparables
Contact
Share
Login to Suggest Edits