Marcus & Millichap Closes Sale of SoHo Retail Condo

Marcus & Millichap closed the sale of a retail condominium at One Vandam, located at 180 Sixth Ave. in New York’s SoHo neighborhood. The property, which spans 14,072 square feet, was sold for $7.3 million. 

“New York City’s retail market continues to show resilience,” said Eric Anton. “Through our Global Capital Group efforts, we identified an international buyer from Asia for this well-located property, reflecting ongoing demand for prime retail spaces in the city.” 

Anton along with Marcus & Millichap’s Nelson Lee, Trever Gallina and Justin Natalizio marketed the property on behalf of the seller, QT SoHo Realty LLC. They also procured the buyer, a private Chinese investment group. 

The retail condo comprises four units, three of which are leased to tenants including Sui Yoga, Tribeca Soho Animal Hospital, and J’Spa. The property features 140 feet of frontage along Sixth Avenue, between the SoHo and Hudson Square neighborhoods.