June 3, 2020 Comments Off on Soho Resi Trades in Off-Market Deal Views: 507 Downtown New York, New York News

Soho Resi Trades in Off-Market Deal

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Avison Young’s Tri-State Investment Sales group arranged the sale of 198 Prince St., a 5,000-square-foot, four-unit boutique residential property in Soho. The property, which had been under long-term ownership by an estate, sold for $4.5 million to an undisclosed investor.

An Avison Young team, led by Senior Director Brandon Polakoff, represented the seller in the negotiations.

“The 198 Prince St. property is situated in one of New York City’s most desirable residential neighborhoods,” said Polakoff. “We quickly identified the ideal buyer for this value-add asset on behalf of our client, and Avison Young was able to strike an off-market deal that was beneficial for both sides.”

The neighborhood is convenient to several mass transit choices, including the A, C and E trains at the Spring Street station, in addition to the 1, 2, 3, N and R trains as well as uptown, downtown and crosstown bus options.

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