August 13, 2019

Meridian Investment Sales, the commercial property sales division of Meridian Capital Group, sold 457 Broome St., a mixed-use elevator building in Soho, for $21.3 million. Senior Executive Managing Director David Schechtman and managing directors Lipa Lieberman and Abie Kassin represented the seller and procured the buyer in this transaction.

With approximately 50 feet of frontage, 457 Broome spans approximately 25,000 square feet with retail space on the ground floor in addition to 3,000 square feet of lower level retail space. The ground floor of the property is home to two retail tenants, Lazaro SoHo and Blank Studio NYC. The upper floors contain residential units with high ceilings and natural light.

“Wonderful SoHo retail space with a legal selling basement coupled with 50 feet of frontage in a cast-iron glory makes this a generational hold for any buyer,” said Schechtman.

Pictured: Meridian’s David Schechtman

Connect Texas Multifamily will take place August 15, 2019 in Dallas. For more information, or to register, click here.

Connect With Meridian’s Schechtman, Lieberman and Kassin

Subscribe to Connect Daily New York

For comments, questions or concerns, please contact Paul Bubny

Tags: Apartments & Multifamily, Mixed-Use, Retail, Sale