Marcus & Millichap has successfully completed the sale of a retail condominium located at One Vandam in New York City’s vibrant SoHo neighborhood. The property, spanning 14,072 square feet and boasting an impressive 140 feet of frontage along Sixth Avenue, was sold for $7.3 million.
According to Eric Anton, who oversaw the transaction as part of Marcus & Millichap’s Global Capital Group efforts, this sale is further evidence of the resilience and strength of New York City’s retail market. Through their targeted marketing strategies and connections with international buyers like the one from Asia who ultimately purchased this prime retail space, Marcus & Millichap continues to demonstrate their expertise in navigating complex real estate transactions.
The team responsible for marketing One Vandam on behalf of seller QT SoHo Realty LLC included Eric Anton himself as well as Nelson Lee, Trever Gallina and Justin Natalizio – all seasoned professionals with extensive knowledge about New York City’s real estate landscape. Ultimately it was a private Chinese investment group that emerged as the buyer for this highly desirable property which comprises four units currently leased by tenants such as Sui Yoga,Tribeca Soho Animal Hospital,and J’Spa.
This successful deal showcases Marcus & Millichap’s ability to connect buyers with top-notch properties in sought-after locations like SoHo – making them an invaluable resource for investors looking to capitalize on opportunities within NYC’s thriving commercial real estate market.
