Marcus & Millichap
260 Madison Avenue, 5th Floor
New York, NY 10016

Sold
25 West Houston Street
SoHo, New York, NY 10012
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