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NEW YORK, NY – June 5, 2013 –
Ariel Property Advisors has been named the exclusive sales agent to market a prime retail co-op at 620 Broadway/154 Crosby Street, steps from Houston Street in NoHo. The asking price is $7 million.
The 4,300-square-foot triplex is being marketed by the sales team of Randy Modell, Howard Raber, Esq., Shimon Shkury, Victor Sozio, and Michael A. Tortorici.
The retail unit, which will be delivered vacant, features frontage and a main entrance on Crosby Street, a secondary entrance on Broadway, 15-foot ceilings, a finished gallery, and loft space.
“The space's interior configuration, along with its visibility from Houston Street and location next to the Broadway-Lafayette Subway Station, makes it ideal for a retailer seeking a showroom/gallery or other use in the midst of the popular SoHo/NoHo retail hub,” said Mr. Modell, vice president of Ariel Property Advisors. “It also lies directly across the street from a new seven-story retail and office complex that is slated to be built on the existing BP Gas Station site between Crosby and Lafayette.”
More information is available from exclusive sales agents at 212-544-9500; Randy Modell, ext. 17, rmodell@arielpa.com; Howard Raber, Esq., ext. 23, hraber@arielpa.com; Shimon Shkury, ext. 11, sshkury@arielpa.com; Victor Sozio, ext. 12, vsozio@arielpa.com, and Michael A. Tortorici, ext. 13, mtortorici@arielpa.com.
Ariel Property Advisors is a commercial real estate services and advisory company located in New York City. The company covers all major commercial asset types throughout the NY metropolitan area, while maintaining a very sharp focus on multifamily, mixed-use and development properties. Ariel’s Research Division produces a variety of market reports that are referenced throughout the industry.
For press inquiries, please contact our Public Relations Department at 212.544.9500 ext. 19 or via mploc@arielpa.com
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee the accuracy of any information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item of income, and all other information contained herein.
