Aryeh Realty pays $16M to Seth Hauser and Frances Pildes for loft property in Soho

Aryeh Realty through the entity 168 Mercer Street LLC paid Seth Hauser and Frances Pildes’s 595 Bway Associates, LLC $16.2 million for 595 Broadway in Soho. The deal closed on November 8, 2019, and was recorded on November 21, 2019. The transaction consists of 1 parcel, including the tax class loft with retail stores (L8) and containing 8 residential units. The property is 30,000 square feet.
The average sale price per square foot is $540.
The estimated cap rate is 7.3%

The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 8 residential (or hotel) units on April 25, 2013.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link