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SoHo buildings fetch $21m.


Itzhaki Properties announced the firm has sold 448 and 450-452 Broome Street in SoHo. The two elevator elevator, in machinery
elevator, in machinery, device for transporting people or goods from one level to another. The term is applied to the enclosed structures as well as the open platforms used to provide vertical transportation in buildings, large ships,
 buildings are five-stories and nine-stories, with a total of 27,174 s/ ft.

The buildings are fully occupied, with twelve units and two retail stores, Runway and Mango. Of the twelve units, five had rent-stabilized tenants and seven were free market. The buildings were sold for $21,750,000, approximately $800 per square foot.

The buildings at the corner of Broome and Mercer mer·cer  
n. Chiefly British
A dealer in textiles, especially silks.



[Middle English, from Old French mercier, trader, from merz, merchandise, from Latin merx
 are in a prime location, near the new 40 Mercer hotel, exclusive restaurants, designer shopping and art galleries. 448 Broome Street is a cast-iron building designed by Frederick Clark Withers withers

the region over the backline where the neck joins the thorax and where the dorsal margins of the scapulae lie just below the skin.


fistulous withers
see fistulous withers.
 in 1871, and is the only building in SoHo that reflects the High Victorian Gothic Victorian Gothic refers to a revival style that used medieval architectural forms, and took place during the reign of the British monarch Victoria I. Her reign lasted from 20 June 1837 to 22 January 1901.  style.

Ivan Hakimian of Itzhaki Properties represented the seller, and Barry Farchi of Itzhaki Properties represented the buyer. Ira Nesenoff of Nesenoff & Miltenberg, LLP LLP - Lower Layer Protocol  acted as the buyer's attorney.

Hakimian, a New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 native, started and ended 2006 with major SoHo sales: he sold five buildings at the intersection of West Broadway and Prince Streets as a package for $18 million in January.

"This has been a huge year for SoHo real estate, with no signs of slowing down," said Hakimian.

"Retail interest, conversions and developments have increased in the entire downtown area, and especially SoHo. I have seen changes from the Financial District all the way to the Lower East Side."
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Publication:Real Estate Weekly
Date:Dec 13, 2006
Words:237
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