Soho Retail Condo Fetches $17M from Premier Equities

NEW YORK—Premier Equities has acquired 57-63 Greene Street, a retail condominium building located in Soho for $17 million. Eastern Consolidated Chairman and CEO Peter Hauspurg, Executive Managing Director David Schechtman, Senior Director Lipa Lieberman and Director Marion T. Jones, with Director, Financial Services Gary Meese, represented the seller, locally based investment fund Aion Partners in the sale.

Currently 100 percent occupied, the retail condo is located between Spring and Broome Streets and is comprised of 8,354 sq. ft. of space. Tenants include Cyrus Company and Raul Carrasco, two home furnishing companies, and Bang & Olufsen, an audio systems retailer.

The six-story property is situated two blocks west of Broadway and has a 53,725-sq.-ft. loft building above the retail component, which contains 14 units. The loft is slated for a condominium conversion.

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