News:
Brokerage
Posted: April 22, 2013
Sitt of Thor Equities purchases 151 Wooster St. in SoHo neighborhood, 15,000 s/f property between West Houston and Prince Streets
Thor Equities secures the purchase of 151 Wooster St. located in the SoHo neighborhood. The sales price was not disclosed. The 15,000 s/f property boasts 70 ft. of direct frontage and is located between West Houston and Prince Sts.
"In the 80s and 90s, you hadn't really arrived as a brand or retailer unless you had a foot in SoHo - and no street was hotter than Wooster," said Joseph Sitt, CEO of Thor Equities. "Once again, the stretch of Wooster between West Houston and Prince Sts. is the place to be, and number 151 is poised to be at the top of the retail pyramid."
Neighboring international brands include Diane Von Furstenberg, Ligne Roset and Stepevi; 151 Wooster offers opportunity for name brands to be situated among the best of the best in
Manhattan.
Tags:
Brokerage
MORE FROM Brokerage
Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence
New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
Quick Hits
Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
AI comes to public relations, but be cautious, experts say - by Harry Zlokower
Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
