Dansker and Ziskin of Marcus & Millichap secure $11.35 million sale, two contiguous retail condominium units

Marcus & Millichap, one of the leading commercial real estate investment services firms with offices throughout the United States and Canada, arranged the sale of two contiguous retail condominium units occupying 11,505 s/f at the base of a 10-story multifamily condominium on the corner of Carmine St. and Varick St. in the borough's West Greenwich Village neighborhood. The two units sold for a total of $11.35 million, which equates to $986 per s/f. "One unit was delivered vacant," said Barbara Dansker of Marcus & Millichap's Manhattan office. "The buyer may now lease the unit at a market rent in this prime West Village location." Dansker and Zachary Ziskin, also in the firm's Manhattan office, represented the seller and the buyer in the transaction. The vacant retail unit, formerly occupied by an IHOP restaurant, comprises 3,050 s/f with a full kitchen and 100 street-level seats; 4,955 s/f in the basement, which includes a prep kitchen and 120 additional seats; and 1,180 s/f of outdoor space. The other unit features 3,500 s/f of street-level space and is occupied by Kumon Learning Center, which has less than five years remaining in its lease. 80 Carmine St. is two blocks from the B, D, F and M subway lines.