Lion Capital And Highstone Capital Acquire Retail Asset In SoHo For $1.65M From Elliot Chehebar
A retail property located at 170 Mercer Street in the SoHo market has been sold for $1,650,000. The asset encompasses a total of 3,222 square feet, resulting in a price per square foot of $512.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,650,000
- Square Footage: 3,222 SF
- Price Per Square Foot: $512
- Buyer: Lion Capital & Highstone Capital
- Seller: Elliot Chehebar
- Broker: Matthew Marshall –
- Date of Transaction: 11/21/2024
The transaction involved key individuals including Matthew Marshall as the broker representing the seller, Elliot Chehebar, in the deal. The buying consortium consisted of Lion Capital and Highstone Capital, marking a significant retail investment in the vibrant SoHo area.
DATE: 11/21/2024
ADDRESS: 170 Mercer Street
MARKET: SoHo
ASSET TYPE: Retail
BUYER: LionCub Development (@LionCubDevelopment) & David Elbaz (delbaz2190) – Highstone Capital
SELLER: Elliot Chehebar (@ElliottChehebar)
BROKER: Matthew Marshall (@MRENYC) – Marshall Real Estate
SALE PRICE: $1,650,000
SF: 3,222 ~ PPSF: $512