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Dry Creek Capital Partners Sells Retail Condominium And Community Facility In Brooklyn For $16.5M

The property involved in this transaction is a retail asset located at 350 6th Avenue in Brooklyn. It consists of a Ground Floor Retail Condominium space and a Second Floor Community Facility space. The sale price for this property was $16,500,000, encompassing a total square footage of 16,500, which translates to a price per square foot of $1,000.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $16,500,000
  • Address: 350 6th Avenue
  • Market: Brooklyn
  • Square Footage: 16,500
  • Price Per Square Foot: $1,000
  • Seller: Dry Creek Capital Partners
  • Broker: Matthew Marshall – Marshall Real Estate

 

The deal was facilitated by Matthew Marshall, representing the seller, Dry Creek Capital Partners. The transaction successfully included both the retail and community facility spaces within the property, reflecting a comprehensive approach to the asset’s marketability.

DATE: 01/14/2025

ADDRESS: 350 6th Avenue

MARKET: Brooklyn

ASSET TYPE: Retail

SELLER: Dry Creek Capital Partners

BROKER: Matthew Marshall (@MRENYC) – Marshall Real Estate

SALE PRICE: $16,500,000 SF: 16,500 ~ PPSF: $1,000 NOTE FROM BROKER: Deal included both the Ground Floor Retail Condominium space and the Second Floor Community Facility space.

 

Matthew Marshall

Lion Cub Development Acquires Retail Property At 170 Mercer Street From Rialto Capital For $2.35M

The retail asset located at 170 Mercer Street in Manhattan encompasses a total of 2,032 square feet and has been sold for $2,350,000, resulting in a price per square foot of $1,156.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,350,000
  • Address: 170 Mercer Street
  • Market: Manhattan
  • Square Footage: 2,032
  • Price per Square Foot: $1,156
  • Buyer: LionCub Development & David Elbaz – Highstone Capital
  • Seller: Rialto Capital
  • Broker: Matthew Marshall – Marshall Real Estate

 

The transaction involved key figures including LionCub Development and David Elbaz representing Highstone Capital, while the seller was Rialto Capital. The deal was facilitated by Matthew Marshall of Marshall Real Estate, highlighting the involvement of prominent real estate professionals in the process.

DATE: 12/23/2024

ADDRESS: 170 Mercer Street

MARKET: Manhattan

ASSET TYPE: Retail

BUYER: LionCub Development (@LionCubDevelopment) & David Elbaz (@DElbaz2190) – Highstone Capital

SELLER: Rialto Capital BROKER: Matthew Marshall (@MRENYC) – Marshall Real Estate

SALE PRICE: $2,350,000

SF: 2,032

~ PPSF: $1,156

 

Matthew Marshall

Lion Capital And Highstone Capital Acquire Retail Asset In SoHo For $1.65M From Elliot Chehebar

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

 

Matthew Marshall

Steve Samandarov Purchases Retail Condominium At 57 Bond Street For $5.46M From NOHO Associates

The property involved in this transaction is located at 57 Bond Street in the Noho market, comprising a retail condominium of 4,114 square feet. The asset includes 2,510 square feet on Grade and an additional 1,604 square feet in the Lower Level. The sale was finalized at a price of $5,460,000, translating to a price per square foot of $1,327.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,460,000
  • Address: 57 Bond Street
  • Market: Noho
  • Total Square Footage: 4,114
  • Price per Square Foot: $1,327
  • Buyer: Steve Samandarov
  • Seller: NOHO Associates
  • Broker: Matthew Marshall – Marshall Real Estate

 

Matthew Marshall represented the seller in this transaction. As part of the deal, there was a CMBS Loan assumption involved. Marshall Real Estate has successfully completed three CMBS Loan assumption deals within the past 16 months.

DATE: 10/30/2024

ADDRESS: 57 Bond Street

MARKET: Noho

ASSET TYPE: Retail

BUYER: Steve Samandarov

SELLER: NOHO Associates

BROKER: Matthew Marshall (@MRENYC) – Marshall Real Estate

SALE PRICE: $5,460,000

SF: 4,114

~ PPSF: $1,327

NOTE FROM BROKER: 57 Bond Street, Retail Condominium, included 2510 SF on Grade with additional 1,604 SF in the Lower Level. As part of the transaction there was a CMBS Loan assumption. Marshall Real Estate has successfully completed three CMBS Loan assumption deals within the past 16 months.

Matthew Marshall

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).

 

Matthew Marshall

Eli Dweck Acquires Retail Property On Vanderbilt Avenue In Prospect Heights, Brooklyn For $5.8M

The property involved in this transaction is a retail asset located at 550 Vanderbilt Avenue in Prospect Heights, Brooklyn. The property spans 7,033 square feet and was sold for a price of $5,800,000, resulting in a price per square foot of $825.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $5,800,000
  • Square Footage: 7,033
  • Address: 550 Vanderbilt Avenue
  • Market: Prospect Heights, Brooklyn

 

The buyer in this transaction is Eli Dweck, while the seller is Gang Hu of Greenland USA. Matthew Marshall of Marshall Real Estate represented both parties as the broker during the deal.

DATE: 12/29/2023

ADDRESS: 550 Vanderbilt Avenue

MARKET: Prospect Heights, Brooklyn

ASSET TYPE: Retail

BUYER: Eli Dweck

SELLER: Gang Hu – Greenland

USA BROKER: Matthew Marshall – Marshall Real Estate (@MRENYC)

SALE PRICE: $5,800,000

SF: 7,033

~ PPSF: $825

 

Matthew Marshall