Sadaghati and Katz of GFI Realty arrange $10.5 million sale of 3,750 s/f retail co-op

GFI Realty Services, Inc. has completed the $10.5 million sale of 41-43 Greene St., a 3,750 s/f retail co-op centrally located in SoHo. The property was delivered vacant at closing. This retail space has a unique layout and a classic cast iron storefront with over 30 ft. of frontage. The retail co-op is on the ground floor of a six-story elevator mixed-use building constructed circa 1910. The property is located in the center of high fashion boutiques including Acne Studios, Isabel Marant, Alexander Wang, Alexis Bitta and Jonathan Adler. Shawn Sadaghati, an associate of GFI represented the buyer and Ben Katz also of GFI represented the seller. The buyer was Thor Equities, which owns several other retail co-ops on Greene St. as well as the surrounding area. The seller was Venice, Italy-based Bisazza, one of the most prestigious mosaics companies in the world. "Thor Equities was attracted to this property because of their strong existing presence within SoHo. We were able to secure the deal in a day with Thor Equities in this off market transaction. This transaction was right in their sweet spot. They saw this outstanding space as a great addition to their portfolio," said Sadaghati. "Thor went into contract in early 2013 and waited for Bisazza to find a new location before closing. We were able to keep both parties happy in the interim," said Katz. The property is located close to high-end retailers, major tourist attractions, hotels and prestigious condominiums. An affiliate of GFI Capital Resources Group, Inc., GFI Realty Services, Inc. imparts strategic and comprehensive solutions to maximize the value of real estate assets. Offering a wide array of brokerage services including investment sales, commercial real estate financing and retail leasing, GFI utilizes its affiliate companies' fully-integrated platform to provide owners, buyers, landlords and tenants nationwide with the market knowledge and due diligence required to consummate multifaceted transactions. The company's knowledge of the commercial real estate industry, advanced analytical capabilities and incomparable client services position its executives as masters at executing off market and complex deals that require the most innovative solutions. Founded in 1983 and headquartered in New York City, GFI Capital Resources Group, Inc. is a leading, diversified provider of comprehensive real estate and insurance services to clients throughout the U.S. Through an integrated platform of affiliates specializing in mortgage banking, commercial real estate sales and finance, property management, insurance and development, along with its hotel affiliate, GB Lodging, GFI is powered by strong relationships with major financial institutions, investors, and buyers and sellers of real estate. GFI has built its reputation on a steadfast commitment to maintaining the highest level of professionalism in every aspect of its business. The company's service-oriented culture, extensive network and deep knowledge of local markets strongly position GFI to deliver unparalleled value and results. For more information, visit gficap.com. ###