Frits De Knegt paid $3M to Elie Tahari

Frits De Knegt through the entity Spring Prince, LLC paid Elie Tahari’s Et 417 West Broadway, LLC $3.0 million for 1 parcel, including the tax class one-story store building (K1) at 417 West Broadway in Soho. The deal closed on June 28, 2019 and was recorded on July 19, 2019. The parcel(s) have total development potential of 23,265 square feet.
The average sale price per square foot is $228.
The estimated cap rate is 9.8%
The last time the property sold was July 09, 2008, for $3,806,719.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel. There was one renovation/alteration project (A2) applied for with a total estimated value of $23,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
Story link.

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