RREEF, the real estate arm of Deutsche Bank, has purchased a retail condo at 473-475 Broadway for $42.9 million, according to city records.
The seller was Manhattan-based Premier Equities.
The ground-floor retail space spans over 9,000 s/f among two buildings, as well as an 8,000 s/f basement storage space, said a Carol Hensley, director of real estate management at Premier Equities. Scoop NYC, an apparel retailer, has a long-term lease.
The sale was a direct deal and no brokers were involved, said Hensley.
Officials at RREEF didn’t immediately return request for comment.
Known as the Hohner Building, the residential portion of 475 Broadway has separate ownership. Recent units have closed around $3 million in the last year, according to StreetEasy.
