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Polsinelli Brokers Sale of Greenwich Village Retail Condo
Adelaide Polsinelli, vice chair of the newly-launched investment sales division at Compass, and colleague Mitchell Goldstick have arranged the sale of the entire retail component and parking garage at 44-58 E. 8th St. in Greenwich Village.
Terms of the deal were not disclosed. Polsinelli and Goldstick represented both the seller, Three Street Realty Co., and the purchaser, a local investor.
The retail component includes seven stores spanning over 8,400 square feet and a 40-space underground parking garage. The new owner will have the option to build out over 1,500 square feet of additional retail space.
“This prime Greenwich Village location made the commercial space extremely attractive to the buyers,” Polsinelli said. “The area has one of the highest concentrations of students in New York City, and is easily accessible with public transportation.”
Goldstick added that the ability to build out an additional two stores “provided upside for the buyers.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
