March 29, 2018
Meridian Investment Sales, the commercial property sales division of Meridian Capital Group, is pleased to present exclusively for sale 74 Grand Street, a development site in the heart of SoHo. Senior Executive Managing Director, David Schechtman, Managing Directors, Lipa Lieberman and Abie Kassin, Vice President, Jason Goldy, and Director, Scott Burk, are representing the seller in this transaction.
Situated at one of the most trafficked locations in New York City, 74 Grand Street is a development site boasting 25 feet of frontage on one of the landmark neighborhood’s most well-known streets. Zoned M1-5B, the development site has more than $1.8 million in structural fortification and offers investors or users the immediate opportunity to capitalize on strong demand and exceptional neighborhood fundamentals. Development options include a mixed-use condominium building with ground floor retail or a boutique office building.
A well-traversed destination for residents and visitors alike, SoHo is the city’s fashion hub with no shortage of trendy destinations for shopping, dining, and entertainment. The centrally located neighborhood features historic charm with cast-iron architecture, cobblestone streets, and sweeping lofts and art galleries. The property is easily accessible via the A, C, and E subway lines, the N, Q, R, and W subway lines, and the 1 subway line at Canal Street.
Founded in 1991, Meridian Capital Group is America’s most active deal maker and one of the nation’s leading commercial real estate finance and investment sales firms. In 2017, Meridian closed over 3,000 debt transactions across more than 200 unique lenders and sold nearly $1 billion in commercial property. Since inception, the company has closed more than $300 billion in financing with the full complement of capital providers, encompassing local, regional and national banks, CMBS lenders, agency lenders, mortgage REITs, life insurance companies, credit unions and private equity funds. Meridian represents many of the world’s leading real estate investors and developers and the company’s expansive platform has specialized practices for a broad array of property types including office, retail, multifamily, hotel, mixed-use, industrial, healthcare, student housing and self-storage properties. Meridian is headquartered in New York City with offices in New Jersey, Maryland, Illinois, Ohio, Florida and California. www.meridiancapital.com