
Elliot Chehebar Of The Jackson Group Acquires Retail Condominiums In Soho For $6.525M
The transaction involved two retail condominiums located at 597 Broadway, known as Vintage Twin, and 170 Mercer Street, which was formerly the Dop Dop Salon. The total sale price for the properties was $6,525,000, with a total square footage of 7,122, equating to $916 per square foot. The properties are situated in the Soho market of Manhattan.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,525,000
- Square Footage: 7,122
- Price per Square Foot: $916
- Buyer: Elliot Chehebar – The Jackson Group
- Seller: Rod Feldman – Tri-Star Equities
- Broker: Matthew Marshall – Marshall Real Estate
Matthew Marshall represented the broker side in this transaction, facilitating the deal between the buyer, Elliot Chehebar from The Jackson Group, and the seller, Rod Feldman of Tri-Star Equities. The involvement of these parties highlights the dynamics of retail property transaction within a prime market area.
DATE: 08/26/2024 ADDRESS: 597 Broadway & 170 Mercer Street
MARKET: Soho, Manhattan
ASSET TYPE: Retail
BUYER: Elliot Chehebar – The Jackson Group
SELLER: Rod Feldman – Tri-Star Equities
BROKER: Matthew Marshall (@MRENYC) – Marshall Real Estate
SALE PRICE: $6,525,000
SF: 7,122
~ PPSF: $916
NOTE FROM BROKER: The transaction consisted of two retail condominiums, one at 597 Broadway (Vintage Twin) and the other at 170 Mercer Street (formerly the Dop Dop Salon).