Salmon and Marshall of Salmon & Marshall handle $4.7 million sale; Tribeach Holdings sells retail condo to Ascot Properties

Ascot Properties has recently purchased the retail condominium at 129-135 Lafayette St. from Tribeach Holdings in a deal that traded for $4.7 million. The retail condominium features Cathay Bank as the tenant in the newly redeveloped 12-story mixed use building. Salmon & Marshall partners Kevin Salmon and Matthew Marshall represented the seller Tribeach Holdings and also procured the buyers. "We were able to close this deal within 45 days of contract signing," said Marshall. "All parties worked together in order to see this through." The subject property is located on the corner of Canal and Howard Sts. in the Soho/Chinatown area of the borough. Salmon & Marshall, founded by Salmon and Marshall is a full service sales company that specializes exclusively in the sale of investment properties in the city. The firm operates under the firm belief that specializing gives them the edge that investors seek in today's brokerage firms.