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SoHo Mixed-Use Loft Building Sells for $18M

NEW YORK CITY—A 27,750-sq.-ft. mixed-use retail/residential property tenanted by retailers Nike, Sportswear USA, Toto and Surface to Air and ten residential rental units at 21, 25-27 Mercer Street in the neighborhood of SoHo, has just traded for $18 million to East End Capital.

Eastern Consolidated chairman and CEO Peter Hauspurg with senior director/principal David Schechtman Esq., senior director Lipa Lieberman and Gary Meese exclusively represented the seller, Aion Partners Inc., in the transaction and procured the buyer.

The property includes the five-story mixed-use loft buildings at 25 Mercer Street and the three-story 27 Mercer Street. The ground floor retail condominium at 21 Mercer was also included in the sale.

Situated one block west of Broadway and half a block from Canal Street, the Mercer Street property benefits from major pedestrian traffic and is surrounded by boutiques, galleries, restaurants, cafes and sidewalk vendors.

Seyfarth Shaw LLP represented the seller, and Gerstein Strauss and Rinaldi LLP acted for the buyer.

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