Manhattan, NY Highcap Group negotiated the off-market sale of the building home to Faicco’s Italian Specialties, located at 260 Bleecker St.
Rodney Nassimian, director of investment sales, handled the transaction. The seller was an estate, and the family established and has operated Faicco’s since 1900, now being run by the fourth generation.
In addition to the retail store, the four-story walk-up with 5,295 s/f has three free-market apartments.
The property sold for $5.925 million, representing a price of $1,119 per s/f.
“The new owner plans to preserve the historic street-level retail for the community while unlocking potential on the upper floor residential units” said Nassimian.