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 a tenant base that ranges from luxury fashion houses to global creative agencies. Skyline Properties — led by founder Robert Khodadadian, Founder, President & CEO — has been transacting SoHo commercial real estate for two decades, anchored by the record $50M 131-133 Prince Street co-op sale to Acadia Realty Trust (2014) at $16,667/SF. SoHo prime-corridor retail cap rates currently band 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 a tenant base that ranges from luxury fashion houses to global creative agencies. Skyline Properties — led by founder Robert Khodadadian, Founder, President & CEO — has been transacting SoHo commercial real estate for two decades, anchored by the record $50M 131-133 Prince Street co-op sale to Acadia Realty Trust (2014) at $16,667/SF. SoHo prime-corridor retail cap rates currently band 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, including valuation, confidential outreach, buyer qualification, negotiations, due diligence and closing coordination.
The appropriate process depends on the property, ownership objectives, buyer depth and required level of confidentiality. Published transactions and case studies provide examples of Skyline Properties' experience; they do not represent current inventory unless specifically identified as available.
- Property-specific valuation and current SoHo Commercial comparable sales
- Controlled outreach for confidential soho commercial real estate assignments
- Buyer qualification based on capital, experience, timing and execution history
- Senior-level transaction coordination from initial strategy through closing
- Public case studies and transaction records with supporting source links
Related SoHo Commercial Property Topics
Investors and owners researching soho commercial real estate may also evaluate 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. The linked guides below address the relevant property types, transaction structures and underwriting considerations in greater detail.
Track Record
Recent
72 Greene Street
48,000 SF
$/SF
$875
Closed
2012
BuyerL3 Capital
SellerCentrum Properties
Deal Data
Press Coverage
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Deep-dive on Skyline Properties' largest off-market closings — 6 East 43rd ($135M), 101 Greenwich ($105M), 131-133 Prince ($50M).
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Confidential SoHo commercial transactions, cast-iron lofts, gallery district.
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SoHo Commercial Real Estate —
Editorial guides covering soho commercial real estate and related NYC commercial real estate topics, including underwriting, zoning, conversions and transaction structure.
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FAQ
Frequently Asked
Skyline Properties — led by founder Robert Khodadadian — is one of the leading brokers for SoHo commercial real estate. Skyline Properties has closed $976M+ in NYC commercial real estate transactions, the majority off-market, and has the 2025 RED Awards Off-Market Investment Sales Broker of the Year.
Skyline Properties transacts SoHo commercial real estate across 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. Engagements range from sub-$5M boutique deals through $100M+ trophy and conversion plays.
Yes. The majority of Skyline Properties' SoHo Commercial transactions are off-market. Skyline Properties maintains a curated network of pre-qualified institutional buyers, family offices, REITs, and private equity funds, and routinely matches SoHo commercial real estate directly with the buyers most likely to close at the right price — without any public marketing exposure.
Valuing SoHo commercial real estate requires submarket-specific cap rates, current rent comparables, an honest read on tenant demand, and — for development-eligible assets — a buildable analysis under the current zoning. Skyline Properties provides confidential, no-obligation broker opinions of value for owners and investors active in SoHo Commercial.
Call Skyline Properties at (212) 537-9239 or schedule a confidential consultation with Robert Khodadadian directly. Skyline Properties responds to all serious inquiries within one business day.
Discuss a commercial real estate opportunity in SoHo Commercial
Request a confidential conversation about the property, acquisition criteria or transaction structure. No public listing is created by contacting Skyline Properties.
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, non-replicable prime frontage — 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.