Fishman, Alani, Segall and Aaron of RKF complete $12.35 million sale

RKF Investment Sales & Advisory Services, a division of Robert K. Futterman & Associates, completed the sale of 111 Mercer St. for $12.35 million. Senior vice president Jeff Fishman, director David Alani, associate Brian Segall and associate David Aaron of RKF represented both the seller, a private family from the United Kingdom and the buyer, Mercer 111, LLC. Situated between Prince and Spring Sts., 111 Mercer St. is a five-story, 11,332 s/f building that is currently vacant. The building has received approval from the Landmarks Preservation Commission to build a 1,250 s/f penthouse addition for a total of 12,582 s/f. Situated in the SoHo retail corridor, 111 Mercer is surrounded by retailers Prada, Agent Provocateur, Kate Spade, Vivienne Tam and Ben Sherman. The area is also home to five-star hotels, new residential developments and restaurants.