Tapper, Tarter & Slattery complete the sale of 500 Broome Street

Lee & Associates NYC completed the sale of a 7,500 s/f mixed-use corner building at 500 Broome Street in Soho. The buyer, Eastlington Limited, purchased the site for $9,550,000. Ben Tapper, Stephen Tarter, and Sean Slattery represented the seller, Food Center Realty Corp. The sellers were ready to retire and step back from day-to-day management after over seven decades of owning the building. Paul Popkin, senior managing director at Lee & Associates NYC, helped source the buyer, who was then represented in-house. Erected over 140 years ago, the five-story mixed-use cast-iron Broome Street building at the corner of West Broadway features three ground-floor retail spaces with 17 ft. ceilings and lower-level storage, a second-floor office space, and three free-market residential rental units. The building is fully occupied, aside from 450 rentable square feet of retail.