Uniqlo pays $160M to AB & Sons for mixed-use building in Soho

Uniqlo through the entity 546 Broadway, LLC paid $160 million to AB & Sons through the entity Salva Delaware LLC for 15-unit mixed-use building (K4) at 546 Broadway in Soho, Manhattan.
The deal closed on May 27, 2021 and was recorded on June 8, 2021.
The property has 96,000 square feet of built space and 0 square feet of additional air rights for a total buildable of 87,300 square feet according to PincusCo analysis of city data. The sale price per built square foot is $1,666 per the PincusCo analysis.
The signatory for AB & Sons was Eli Chetrit.
(103569121)The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 15 residential units on July 18, 2012.
AB & Sons, led by Isaac Chetrit, his brother Eli and Isaac’s son Abraham, sold the building to fast-fashion Japanese retailer Uniqlo, as The Real Deal first reported last month. The contract date was the same as the sale date.
The former owners according to the Department of Housing Preservation and Development included Eli Chetrit, head officer and Abraham Chetrit, shareholder. The business entities were Ab & Sons Group Llc and Salva Delaware, Llc.

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