Azizo Holdings RE pays $6.3M to Premier, Thor for office condo in SoHo

Azizo Holdings RE through the entity 151 Wooster Office LLC paid $6.3 million to Premier Equities and Thor Equities through the entity 149-151 Wooster Realty LLC for the office condo at 149-153 Wooster Street in SoHo, Manhattan. The expected use is cash flowing.

This is the entire second floor. Premier and Thor continue to own the two retail condo units on the first floor, city records show. There are 11 residential condos on the upper floors of the building.
The deal closed on November 26, 2025 and was recorded on December 10, 2025. The property has 6,204 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $1,015 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The seller bought the property on November 6, 2012, for $25 million. The signatory for Premier Equities and Thor Equities was Yaron Jacobi , Abraham Jacobi, Uzi Ben Abraham , and Joseph J. Sitt. The signatory for Azizo Holdings RE was Ezra Azizo . The contract date was August 18, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Azizo Holdings RE had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Premier Equities purchased four properties in four transactions for a total of $68.8 million and sold four properties in four transactions for a total of $91.7 million over the same time period.

The property

The office condo in SoHo has 6,204 square feet of built space according to a PincusCo analysis of city data. The parcel has a total lot size of 6,204 square feet. The city-designated market value for the property in 2022 is $1.3 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has not received any significant violations in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The neighborhood

In SoHo, The bulk, or 46 percent of the 9.5 million square feet of commercial built space are office buildings, with mixed-use buildings next occupying 14 percent of the space. In sales, SoHo has 3.8 times the average sales volume among other neighborhoods with $1.1 billion in sales volume in the last two years and is the 9th highest in Manhattan. For development, SoHo has had very little major development activity relative to other neighborhoods.It had 456,284 square feet of commercial and multi-family construction under development in the last two years, which represents 5 percent of the neighborhood’s built space. There was one pre-foreclosure suit filed among other office buildings in the past 12 months.

The block

On this tax block, PincusCo has identified the owners of five of the seven commercial properties representing 63,869 square feet of the 79,081 square feet. The largest owner is Centurion Realty, followed by Bldg Management and then David Brown.
There are no active new building construction projects on this tax block.

The majority, or 51 percent of the 79,081 square feet of built space are office buildings, with mixed-use buildings next occupying 28 percent of the space.

The seller

The PincusCo database currently indicates that Thor Equities owned at least 22 commercial properties with 346 residential units in New York City with 670,309 square feet and a city-determined market value of $179.4 million. (Market value is typically about 50% of actual value.) The portfolio has $289.9 million in debt, with top three lenders as MetLife, Prime Finance, and Argentic Investment Management respectively. Within the portfolio, the bulk, or 59 percent of the 670,309 square feet of built space are elevator properties, with office properties next occupying 11 percent of the space. The bulk, or 71 percent of the built space, is in Manhattan, with Brooklyn next at 29 percent of the space.
The PincusCo database currently indicates that Premier Equities owned at least 10 commercial properties with 60 residential units in New York City with 122,089 square feet and a city-determined market value of $55.7 million. (Market value is typically about 50% of actual value.) The portfolio has $147.6 million in debt, with top three lenders as Signature Bank, Acadia Realty Trust, and Metropolitan Commercial Bank respectively. Within the portfolio, the bulk, or 47 percent of the 122,089 square feet of built space are mixed-use properties, with walkup properties next occupying 19 percent of the space. The bulk, or 80 percent of the built space, is in Manhattan, with Queens next at 20 percent of the space.

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