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Joseph Sitt Pays $45 million for Retail Space at 470 Broome

470 Broome ny ny

Joseph Sitt’s Thor Equities has bought lower floors of 470 Broome St. in Manhattan’s Soho neighborhood for $45 million.

The retail area has 19, 000 square feet of commercial condominium space over two four floors, two cellars, the ground, second and third floors.

This deal is an important component in helping the company centralize operations and create well-paying manufacturing jobs in the community, ” an Industrial Development Agency spokesman told the New York Post.

Located at the corner of Greene Street, 470 Broome is mostly a residential building with 4 loft units over five above ground floors.

Zillow explains that the building, originally constructed in 1867, was completely gut renovated in 2008 into a four unit boutique condominium with all of today’s modern necessities including central air-conditioning and a Seidle video intercom system. A discreet building that is ideal for both privacy and being in the heart of all that Manhattan has to offer. Soho is one of Manhattan’s greatest and most popular neighborhoods with the finest in shopping and dining.

Its prewar details include original wooden columns and oversized windows, coupled with custom Poliform kitchens and five-fixture master baths. Each home features unique hi design details, thoughtful layouts, and 10 foot high ceilings.

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