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Elie Pariente's EMP Capital Acquires Mixed-Use Property In SoHo For $17M

149 Spring Street
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This MultiFamily property located in NY was sold for $17,000,000 about 2 years ago. The brokers of the deal were Peter Dodge, Shaun Riney, Joseph (Joe) Koicim, and Andrew Bronsteen

A mixed-use property located at 149 Spring Street in SoHo has been sold in a recent transaction. The property was purchased by Elie Pariente of EMP Capital from the Danzger Family. The sale was facilitated by Joe Koicim, Peter Dodge, Shaun Riney, and Andrew Bronsteen of NYM Group, who represented both the buyer and seller on behalf of Marcus & Millichap. The sale price for the property was $17,000,000.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $17,000,000
  • Address: 149 Spring Street, SoHo
  • Buyer: Elie Pariente - EMP Capital
  • Seller: The Danzger Family
  • Brokers: Joe Koicim, Peter Dodge, Shaun Riney, and Andrew Bronsteen (NYM Group) - Marcus & Millichap

The property consists of 8 units, with a per unit price of $2,125,000. The total square footage of the property is 18,409, with a price per square foot of $923. The property has a Tax Class 2B classification, and the retail component was delivered vacant at the time of the sale. It is worth noting that the property had been owned by the same family for over 40+ years.

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Deals
  • Location
    149 Spring Street, New York City, New York 10012, United States149 Spring Street, New York City, New York 10012, United States
  • Sale Price
    $17,000,000$17,000,000
    $461 PPSF$461 PPSF
  • Area
    36,809 SF36,809 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    4 Brokers, 1 Agency4 Brokers, 1 Agency

Agents

Joseph (Joe) Koicim

Joseph (Joe) Koicim

Deals122
Financed$2B

Peter Dodge

Peter Dodge

Deals13
Financed$92.6M

Shaun Riney

Shaun Riney

Deals263
Financed$1.4B

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

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Deal Summary

SALE IMAGE: Joe Koicim, Peter Dodge, Shaun Riney, Andrew Bronsteen & Elie Pariente DATE: 02/07/2022 ADDRESS: 149 Spring Street MARKET: SoHo ASSET TYPE: Mixed-use BUYER: Elie Pariente (@Eliepariente) – EMP Capital SELLER: The Danzger Family BROKERS: Joe Koicim (@Joey1Cap), Peter Dodge (@PXDodge), Shaun Riney (@ShaunRiney1) & Andrew Bronsteen (@BKBronsteen) (NYM Group) (@NewYorkMultifamily) - Marcus & Millichap SALE PRICE: $17,000,000 UNITS: 8 ~ PPU: $2,125,000 SF: 18,409 ~ PPSF: $923 NOTE FROM BROKER: Tax Class 2B with retail delivered vacant at time of sale.  The property was held and owned by the same family for over 40+ years.

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149 Spring Street

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