RKF Completes Sale of 111 Mercer Street
02/12/2008
02/12/2008
Five-Story SoHo Building Sold for $12,350,000, $1,090 psf
NEW YORK, NY — RKF Investment Sales & Advisory Services, a division of Robert K. Futterman & Associates, completed the sale of 111 Mercer Street for $12,350,000 or $1,090 per square foot.
Senior Vice President Jeff Fishman, Director David Alani, Associate Brian Segall and Associate David Aaron represented both the seller, a private family from the United Kingdom and the buyer, Mercer 111, LLC, in this transaction.
Situated between Prince and Spring Streets, 111 Mercer Street is a five-story, 11,332-square-foot building that is currently vacant. The building has received approval from the Landmarks Preservation Commission to build a 1,250-square-foot penthouse addition for a total of 12,582 square feet.
Situated in the heart of the prestigious SoHo retail corridor, 111 Mercer is surrounded by some of the most recognized luxury and aspirational retail brands, including Prada, Agent Provocateur, Kate Spade, Vivienne Tam and Ben Sherman. The area is also home to many five-star hotels, new luxury residential developments and top-flight restaurants.
RKF Investment Sales and Advisory Services is under the leadership of Fishman. The division specializes in developing and executing investment strategies for buyers and sellers of all types of retail driven assets. The firm is fast emerging as a leader in all aspects of investment sales in New York City as well as nationwide.
About Robert K. Futterman & Associates:
The country’s leading independent real estate firm specializing in retail leasing and investment sales, RKF serves a broad spectrum of domestic and global clients in services ranging from national tenant and owner representation to advisory, consulting and disposition. With over $9 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities throughout the US for leading American and international chains, retailers, developers and institutional clients. RKF is headquartered in New York with offices in Las Vegas, Los Angeles and San Francisco.
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NEW YORK, NY — RKF Investment Sales & Advisory Services, a division of Robert K. Futterman & Associates, completed the sale of 111 Mercer Street for $12,350,000 or $1,090 per square foot.
Senior Vice President Jeff Fishman, Director David Alani, Associate Brian Segall and Associate David Aaron represented both the seller, a private family from the United Kingdom and the buyer, Mercer 111, LLC, in this transaction.
Situated between Prince and Spring Streets, 111 Mercer Street is a five-story, 11,332-square-foot building that is currently vacant. The building has received approval from the Landmarks Preservation Commission to build a 1,250-square-foot penthouse addition for a total of 12,582 square feet.
Situated in the heart of the prestigious SoHo retail corridor, 111 Mercer is surrounded by some of the most recognized luxury and aspirational retail brands, including Prada, Agent Provocateur, Kate Spade, Vivienne Tam and Ben Sherman. The area is also home to many five-star hotels, new luxury residential developments and top-flight restaurants.
RKF Investment Sales and Advisory Services is under the leadership of Fishman. The division specializes in developing and executing investment strategies for buyers and sellers of all types of retail driven assets. The firm is fast emerging as a leader in all aspects of investment sales in New York City as well as nationwide.
About Robert K. Futterman & Associates:
The country’s leading independent real estate firm specializing in retail leasing and investment sales, RKF serves a broad spectrum of domestic and global clients in services ranging from national tenant and owner representation to advisory, consulting and disposition. With over $9 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities throughout the US for leading American and international chains, retailers, developers and institutional clients. RKF is headquartered in New York with offices in Las Vegas, Los Angeles and San Francisco.
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