Home Closed Transactions Retail 25 West Houston Street

25 West Houston Street

Sold

25 West Houston Street

SoHo, New York, NY 10012

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Retail
$8.8M
Sale Price
7,983 SF
Building Size
$1,102
Price / SF
Q1 2024
Closing Date

The Story

The Anton Group represented a generational landlord in NYC to sell this full block front of prime retail in SoHo. The assignment required a discreet, targeted marketing process given the sensitivity of the ownership group and the irreplaceable nature of the asset. After a competitive bidding process spanning multiple qualified 1031-exchange buyers, The Anton Group secured a local operator with a 1031 requirement, negotiating favorable terms that met the seller's timeline and pricing objectives.

Property Highlights

  • Full block-front retail condominium in prime SoHo corridor
  • 100% leased at time of sale with strong rent growth potential
  • Off-market process targeted to qualified 1031 buyers
  • Closed in under 90 days from executed contract

Deal Team

Eric Anton