Marcus & Millichap Brokers Sale of SoHo Retail Condominium for $7.3 Million

NEW YORK, Nov. 13, 2024 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a retail condominium at One Vandam, located at 180 6th Avenue in New York's SoHo neighborhood. The property, which spans 14,072 square feet, was sold for $7.3 million.

"New York City's retail market continues to show resilience," said Eric Anton. "Through our Global Capital Group efforts, we identified an international buyer from Asia for this well-located property, reflecting ongoing demand for prime retail spaces in the city."

Anton along with Marcus & Millichap's Nelson Lee, Trever Gallina and Justin Natalizio exclusively marketed the property on behalf of the seller, QT SoHo Realty LLC, and procured the buyer, a private Chinese investment group.

The retail condominium comprises four units, three of which are leased to tenants including Sui Yoga, Tribeca Soho Animal Hospital, and J'Spa. The property features 140 feet of frontage along Sixth Avenue, between the SoHo and Hudson Square neighborhoods.

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About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.