SoHo Mixed-Use Property Sold to Manhattan Developer for $44 Million

SoHo Mixed-Use Property Sold to Manhattan Developer for $44 Million
SoHo Mixed-Use Property Sold to Manhattan Developer for $44 Million

**SoHo Mixed-Use Building Sells for $43.7 Million**

A six-story mixed-use office and retail building located at 138 Spring Street in SoHo—also known as 90 Wooster Street—has been sold for $43.7 million. The buyer, Evergreen Peak LLC, is a Manhattan-based developer headquartered at 136 Madison Avenue.

Alex Riguardi, a director at JL Capital Markets in New York, represented Evergreen Peak in the acquisition. The seller was an affiliate of JSRE Acquisitions, which had originally purchased the property in 2013 for $48.5 million.

The approximately 16,000-square-foot building, situated at the corner of Wooster and Spring Streets, dates back to the early 20th century and underwent renovations in 1982. It is home to a mix of retail and office tenants, including high-end Canadian outerwear brand Mackage, which opened a flagship location there in 2021, and menswear company P. Johnson.

The Spring Street corridor continues to attract investor interest, with recent nearby deals such as Blackstone’s $45 million acquisition of 113 Spring Street.

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