The sloping glass façade of 210 Lafayette Street in fashionable Soho will, no doubt, be the future home to whatever of-the-moment retailer deigns to enter the trendy neighborhood five years from now.
And that goes a long way in explaining the whopping $17.25 million asking price attached to the ultra-modern building’s 11,400-square-foot bi-level retail component, which hit the market this week, brokers at Eastern Consolidated revealed to The Commercial Observer yesterday.
Currently fully leased to high-end furniture retailer The Mitchell Gold Co. until March 2017, the space is comprised of 7,400 square feet on the ground floor and 4,000 square feet on the lower floor, all connected by a stairwell and an elevator, the brokers said.
“We expect tremendous investor interest in this offering because Soho is such an eclectic, colorful area,” said Ronald Solarz, who is marketing the space alongside Eric Anton and Eric Weinberg. “It’s a natural magnet for tourists, but also home to wealthy residents, businesses, art galleries and cultural attractions.”