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West Soho MXU Sells for $16M
Potential buyers staged an intense bidding war for a corner mixed-use property at 558 Broome St. in West Soho. The property is also known as 558-560 Broome St., or 110-112 Varick St.
An investment partnership, 558 Broome LLC, paid $15.8 million for the 14,000-square-foot building, which includes 20 apartments and three restaurant spaces. The property also generates additional income from the billboard along a portion of the northern elevation of the building, and from a T-Mobile antenna lease on the roof.
“I’m very pleased that I was able to secure a record price for the family that had owned the property for decades,” said Adelaide Polsinelli, senior managing director and principal for Eastern Consolidated.
For comments, questions or concerns, please contact Bendix Anderson
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