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127-129 Prince St
New York, NY 10012 SoHo

$31,000,000 USD

Apartments Condo For Sale  •  3,960 SF

Property Details

  • Property Type Apartments
  • Total Building Size 32,921 SF
  • Lot Size 0.12 AC
  • Building Class A
  • Year Built 1900
  • Zoning M1-5A
100 Transit Score
100 Walk Score

1 Unit Available

Name Condo Use Size Price Details
Grnd Floor - Unit + BSMT Retail 3,960 SF $31,000,000 USD
  • Unit Size: 3,960 SF
  • Condo Use: Retail
  • Price: $31,000,000 USD
  • Sale Type: Investment
  • Price/SF: $7,828.28 USD
Description
Gross annual rent of $1,320,000. Street frontage 134 ft.

Sale Notes
Once in a lifetime opportunity to acquire super-prime Soho corner retail property being sold for the first time in 50+ years. With 134ft of frontage along Prince and Wooster Streets, the property is currently leased to Marc Jacobs and Lip Lab, two marquee, credit tenants. The asset features 3,960 SF above ground and an additional 1,322 SF of cellar space.

Both tenants are owned by LVMH (Louis Vuitton Moët Hennessy), the world’s largest luxury conglomerate.

Both leases were recently executed, including substantial tenant buildout investments (over $2.8 million for 127-129 Prince), with lease terms that run until 2028 and 2030, respectively.

Description 

127-129 Prince Street is located in the heart of Manhattan's SoHo District. It is situated near multiple high-end boutiques/shops, dining, and professional businesses. This building is just a walk away from multiple public transportation hubs within New York City.

Highlights

High Foot Traffic Area
Steps away from public transit
Easily accessible to multiple retailers, dining, and boutiques
Prime SoHo Location

Public Transportation

Commuter RailDriveWalkDistance
Christopher St (Hoboken-33rd Street - Port Authority Trans-Hudson (PATH), Journal Square-33rd Street - Port Authority Trans-Hudson (PATH)) 3 min 14 min 0.7 mi
9 St (PATH) (Hoboken-33rd Street - Port Authority Trans-Hudson (PATH), Journal Square-33rd Street - Port Authority Trans-Hudson (PATH)) 3 min 14 min 0.7 mi
Transit/SubwayDriveWalkDistance
Prince Street (N - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway)) 2 min 3 min 0.2 mi
Broadway-Lafayette Street (B - New York MTA Subway (The Subway), D - New York MTA Subway (The Subway), F - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway)) 2 min 5 min 0.3 mi
Spring Street (A,C,E Line) (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway), E - New York MTA Subway (The Subway)) 2 min 6 min 0.3 mi
Spring Street (4,6 Line) (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 1 min 7 min 0.4 mi
Bleecker Street (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 2 min 7 min 0.4 mi
AirportDriveWalkDistance
LaGuardia 21 min - 9.9 mi
Newark Liberty International 19 min - 12.1 mi
John F Kennedy International 31 min - 18.1 mi
Peter Carillo 212-254-1600 HKS Real Estate Advisors LLC
Peter Carillo 212-254-1600 HKS Real Estate Advisors LLC