NYC’s top deals: Capstone takes over Soho property for $51M
There were 143 transactions totaling 361 million filed in New York City records in the 24 hours before 4 p.m. on Tuesday, May 26. Commercial: Soho logged the top commercial real estate deal recorded in New York City, where an LLC tied to Capstone Equities took over a six-story office property at 140 Crosby Street in a deal valued at 51.4 million. The prior owners were an affiliate of Madison Capital and Vornado, which had purchased the 32,300-square-foot building in 2016 for 38.8 million. Capstone had taken over the debt for the property last summer and foreclosed on it. []This article originally appeared on The Real Deal. Click here to read the full story.
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