The Real Deal New York
NYC's top deals: Chetrit Organization offloads troubled Soho property for $47M
xCruzo Brief
New York’s real estate market produced several standout deals this month, including a $47 million commercial sale in Soho. Two companies tied to Michael Chetrit’s Chetrit Organization and another linked to Jean-Marc Donics sold a property at 428 Broadway to a firm connected to Jason Levine, following a foreclosure on the six-story office building totaling 42,000 square feet. In Chelsea, 538-540 and 542-544 West 29th Street traded for $33.5 million, where T&E Development plans a 76-unit condo project. Elsewhere, Prosper Property Group bought 1276 Lexington Avenue for $12.6 million.
xCruzo quick-read summary • Source: The Real Deal New York • Read the full article for complete information.
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