NEW YORK—Chicago-based L3 Capital, along with partner ASB Capital Management, based in Washington, D.C., have paid $41.5 million for 72-76 Greene Street in Manhattan’s SoHo neighborhood.
Eastern Consolidated’s Senior Director Adelaide Polsinelli was the sole broker on the all-cash deal, which took three years to complete. It is the third time the property has been sold by Eastern Consolidated.
“This iconic building set a record price for a side street sale,” said Polsinelli.
Built by architect Isaac Duckworth in 1873, the property is situated between Spring and Broome streets. Standing five stories high, the mixed-used, elevator building contains 38,000 sq. ft. and includes two retail spaces, three commercial units and three residential rent-stabilized lofts.