131-133 Prince Street
3,000 SF
SoHo Commercial Real Estate
SoHo Commercial
SoHo is one of Manhattan's most distinctive commercial submarkets: cobblestone streets, cast-iron architecture, the world's most valuable retail corridors, and tenants that range from luxury fashion houses to global creative agencies. Skyline Properties, led by Robert Khodadadian, Founder, President & CEO, has been closing SoHo commercial deals for two decades. The anchor is the record $50M 131-133 Prince Street co-op sale to Acadia Realty Trust (2014) at $16,667/SF. Cap rates on prime-corridor SoHo retail currently run 4%-5%.
Closed Volume
Years in NYC
Published Transactions
Largest Published Transaction
SoHo Commercial Real Estate: Skyline Properties Coverage
SoHo is one of Manhattan's most distinctive commercial submarkets: cobblestone streets, cast-iron architecture, the world's most valuable retail corridors, and tenants that range from luxury fashion houses to global creative agencies. Skyline Properties, led by Robert Khodadadian, Founder, President & CEO, has been closing SoHo commercial deals for two decades. The anchor is the record $50M 131-133 Prince Street co-op sale to Acadia Realty Trust (2014) at $16,667/SF. Cap rates on prime-corridor SoHo retail currently run 4%-5%.
- Boutique office and creative loft buildings
- High-street retail on Broadway, Prince, Spring, and West Broadway
- Cast-iron landmark buildings
- Mixed-use retail-over-office
- Boutique hotel conversion candidates
Commercial Real Estate Advisory in SoHo Commercial
Skyline Properties advises owners and qualified investors on soho commercial real estate transactions. That covers valuation, confidential outreach, buyer qualification, negotiation, due diligence, and getting the deal to the closing table.
The right process depends on the property, what ownership wants out of it, how deep the buyer pool is, and how quiet the sale has to stay. The published transactions and case studies show deals Skyline Properties has done. They are not current inventory unless we say a property is available.
- A valuation of your specific property, set against current SoHo Commercial comparable sales
- Controlled, confidential outreach on soho commercial real estate assignments
- Buyers qualified on capital, experience, timing, and record of actually closing
- Senior-level involvement from the first strategy call through closing
- Public case studies and transaction records, with source links
Related SoHo Commercial Property Topics
Owners and investors looking at soho commercial real estate often weigh SoHo commercial real estate broker, SoHo retail space for sale, SoHo loft buildings for sale, SoHo investment property, SoHo cast-iron building, SoHo mixed-use building, SoHo retail co-op, Prince Street retail, Broadway SoHo retail, West Broadway retail space, Greene Street loft, SoHo flagship retail lease as well. The guides below go further into the property types, deal structures, and underwriting behind each one.
Track Record
Recent
72 Greene Street
48,000 SF
$/SF
$875
Closed
2012
BuyerL3 Capital
SellerCentrum Properties
Deal Data
Press Coverage
Expertise
Related Resources
Continue
NYC Commercial Real Estate Broker
Skyline Properties' full NYC commercial brokerage.
Commercial Real Estate Manhattan
All Manhattan submarkets and asset classes.
Off Market Real Estate NYC
NYC's #1 off-market practice: $976M+ closed quietly.
NYC Multifamily Investment Property
Apartment buildings and rent-stabilized portfolios.
NYC Development Sites For Sale
Development sites, air rights, and assemblages.
Ground Lease NYC
99-year ground leases and fee positions.
Office to Residential Conversion NYC
467-m tax abatement strategy and execution.
Manhattan Investment Sales Broker
Senior-led Manhattan investment sales practice.
Commercial Property For Sale NYC
Buyer-side NYC commercial property acquisitions.
NYC Apartment Building For Sale
Confidential off-market NYC apartment-building inventory.
Off-Market Broker NYC
NYC's #1 off-market investment sales practice.
Multifamily Portfolio Sales
Apartment buildings and rent-stabilized portfolios.
Development Site Acquisitions
Manhattan and Brooklyn development sites.
Manhattan Office Broker
Class A and B office investment sales.
Ground Leases
99-year ground leases and fee positions.
NYC Multifamily Investment Guide
Complete guide to NYC multifamily investment.
Ground Lease NYC Complete Guide
Everything about NYC ground leases and valuation.
NYC Neighborhood Commercial RE Guide
Submarket-by-submarket NYC commercial guide.
Off-Market Commercial Real Estate NYC
The editorial hub for NYC off-market commercial real estate.
$976M+ in Closed Deals
Browse the Skyline Properties transaction database.
$50M+ Landmark Case Studies
Skyline Properties' largest off-market closings in detail: 6 East 43rd ($135M), 101 Greenwich ($105M), 131-133 Prince ($50M).
Robert Khodadadian, Founder, President & CEO
2025 RED Awards Off-Market Investment Sales Broker of the Year.
Schedule a Confidential Owner Consultation
Confidential conversation with Robert Khodadadian.
SoHo Off-Market Broker
Confidential SoHo commercial transactions, cast-iron lofts, gallery district.
Further Reading
SoHo Commercial Real Estate:
Our guides on soho commercial real estate and the NYC commercial real estate questions that come with it: underwriting, zoning, conversions, and deal structure.
Off-Market Commercial Real Estate NYC
The complete guide to finding, evaluating, and buying off-market commercial properties in NYC.
How to Find Off-Market Deals in NYC
Strategies for accessing unlisted NYC commercial properties.
Why NYC Landlords Prefer Off-Market
Seller-side motivations for private commercial sales.
How Off-Market Deals Get Sold
How private NYC commercial transactions actually get done.
FAQ
Frequently Asked
Skyline Properties, led by founder Robert Khodadadian, is one of the leading brokers for SoHo commercial real estate. The firm has closed $976M+ in NYC commercial real estate transactions, most of them off-market, and Robert is the 2025 RED Awards Off-Market Investment Sales Broker of the Year.
Skyline Properties handles SoHo commercial real estate deals in boutique office and creative loft buildings, high-street retail on broadway, prince, spring, and west broadway, cast-iron landmark buildings, and other soho commercial real estate assets. Assignments run from boutique deals under $5M to $100M+ trophy and conversion plays.
Yes. Most of Skyline Properties' SoHo Commercial transactions are off-market. The firm keeps a curated network of pre-qualified institutional buyers, family offices, REITs, and private equity funds, and routinely takes SoHo commercial real estate opportunities straight to the buyers most likely to close at the right price, with no public marketing.
Valuing SoHo commercial real estate takes submarket-specific cap rates, current rent comps, an honest read on tenant demand and, for development-eligible assets, a buildable analysis under current zoning. Skyline Properties prepares confidential, no-obligation broker opinions of value for owners and investors active in SoHo Commercial.
Call Skyline Properties at (212) 537-9239 or book a confidential consultation with Robert Khodadadian directly. Every serious inquiry gets a response within one business day.
Talk through a commercial real estate opportunity in SoHo Commercial
Ask for a confidential conversation about a property, your acquisition criteria, or a deal structure. Contacting Skyline Properties does not create a public listing.
Schedule a Confidential ConsultationSubmarket Intelligence
SoHo
Data reviewed July 2026 · Next scheduled review October 2026 · Asset focus: Prime retail, Retail co-ops, Cast-iron loft buildings, Mixed-use
Skyline Properties transactions in SoHo
- 131-133 Prince Street: $50M (2014), Acadia Realty Trust
Record SoHo retail co-op buyout at $16,667/SF, still the benchmark comp for Prince/Greene/Mercer prime retail.
- 72 Greene Street: $42M (2012), L3 Capital
Cast-iron mixed-use building in the landmark district.
- 210 Bowery: $7.5M (2012), Acadia Realty Trust
Adjacent NoHo/Bowery mixed-use: Acadia's second Skyline Properties-brokered acquisition in the corridor.
Zoning, policy & market mechanics
The SoHo/NoHo Neighborhood Plan (adopted December 2021) made residential conversion as-of-right in many former JLWQA buildings while preserving the cast-iron historic district's retail and loft character.
Source: NYC Council, SoHo/NoHo Neighborhood Plan · December 2021
LPC landmark designation across the ~26-block Cast-Iron Historic District constrains exterior alterations, which preserved the retail trophy value underlying the $16,667/SF Prince Street record.
Source: NYC Landmarks Preservation Commission designation; Skyline Properties closed-deal record · January 2014
Documented buyer profiles
- REITs assembling high-street retail (Acadia Realty Trust at 131-133 Prince Street and 210 Bowery)
- Value-add investors repositioning cast-iron lofts (L3 Capital at 72 Greene Street)
Owner considerations
- Retail co-op owners hold scarce prime frontage that can't be replicated. The co-op buyout structure Skyline Properties executed at Prince Street is the documented monetization path.
- Landmark constraints cut both ways: they limit development but underpin scarcity pricing for ground-floor retail.
Press Coverage
Press coverage in SoHo Commercial
Third-party reporting connected to published Skyline Properties transactions in this submarket.
SoHo Retail Co-op Acadia Prince Street
Acadia closes on SoHo retail co-op at Prince Street.
Acadia Closes $50M Purchase of SoHo Retail Co-ops
131-133 Prince Street retail co-op trades in major SoHo transaction to Acadia Realty Trust.
Acadia in Lead to Land SoHo Retail Co-op for $50M
131-133 Prince Street retail co-op in contract to Acadia Realty Trust at $16,667 per square foot.
72 Greene Street - SoHo Mixed-Use Deal Page
Traded.co deal page for 72 Greene Street $42M SoHo mixed-use sale.