Sunday, January 25, 2015

Two West Village Retail Condos in Manhattan, NY Trade Hands in $11.35 Million Deal Brokered by Marcus & Millichap


Barbara Dansker
NEW YORK, NY– Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of two contiguous retail condominium units occupying 11,505 square feet at the base of a 10-story multifamily condominium on the corner of Carmine Street and Varick Street in Manhattan’s West Greenwich Village neighborhood.

 The two units sold for a total of $11.35 million, which equates to $986 per square foot.

              “One unit was delivered vacant,” says Barbara Dansker of Marcus & Millichap’s Manhattan office. “The buyer may now lease the unit at a market rent in this prime West Village location.”

Zachary Ziskin
Dansker and Zachary Ziskin, also in the firm’s Manhattan office, represented both the seller and the buyer in the transaction.

The vacant retail unit, formerly occupied by an IHOP restaurant, comprises 3,050 square feet with a full kitchen and 100 street-level seats; 4,955 square feet in the basement, which includes a prep kitchen and 120 additional seats; and 1,180 square feet of outdoor space.

The other unit features 3,500 square feet of street-level space and is occupied by Kumon Learning Center, which has less than five years remaining in its lease.

80 Carmine St. is two blocks from the B, D, F and M subway lines.




 For a complete copy of the company’s news release, please contact:

Gina Relva
Public Relations Manager
(925) 953-1716

No comments: