RKF has arranged the $17 million sale of a 7,580 s/f mixed-use building at 154 Spring Street in SoHo.
RKF and its Investment Sales & Advisory Services team represented Spring Sunshine Corp., the seller of the five-story property. The buyer was Tribeca Equities.
The sale is the latest in a flurry of SoHo deals as retail rents have climbed to historic levels. With nearly 40 buildings having already traded this year, including t70 Greene Street and 102 Greene Street which RKF also arranged, the SoHo market is on track to record nearly $650 million in total commercial sales for 2012.
154 Spring Street consists of 1,500 s/f of ground floor retail space, one full floor of commercial loft space and three full floor residential loft spaces. The property also features a full basement.
The Body Shop currently leases the ground floor retail space.