19-21 Greene Street
19-21 Greene Street

Studio Anise

19-21 Greene Street
19-21 Greene Street

Studio Anise

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SOHO, NY

19-21 GREENE STREET

RETAIL REPOSITIONING

19-21 Greene Street is a 6,500 SF retail condominium located in the  SoHo Cast Iron Historic District. The property consists of a retail unit located at the base of a high end mixed use building on cobblestone Greene Street. The asset was 100% occupied at acquisition by Studio Anise, a furniture retailer.  The property is among the most impressive retail storefronts on this stretch of Greene Street, with 35' of frontage, lofted ceilings of 14', a full basement, and a spectacular rear skylight.    

 

Javeri Capital acquired 19-21 Greene Street in an off-market transaction after developing a neighborly relationship with the prior owner.  Javeri's long-standing relationship with the owner and his preferred broker resulted in Javeri being the "first call" when the owner wanted to sell.  In a rapidly changing capital markets environment, the firm's ability to offer surety of closing played a major part in our selection as the preferred counterparty for the sale transaction.  The current business plan is to maintain current occupancy while monitoring the leasing market for opportunities to increase the asset's rent roll as market conditions improve.