Adjoining Tenements on Forsyth Street Sell for $16M

Posted on: January 18th, 2016 at 5:10 am by

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Deadly Dragon Sound, 100 Forsyth St.

There’s more real estate turnover to report on the southern section of Forsyth Street. Controversial landowners Marolda Properties just unloaded three of their holdings here for $24.4 million. Now another transaction just a block away.

Fresh off the $13.1 million purchase of the Lorely building on Rivington Street (another Marolda property), Veracity Real Estate just picked up the pair of tenements at 100-102 Forsyth. The five-story multi-family buildings sold last week for the enormous sum of $16 million. Lucky Bhalla Ascot Properties was the seller of record, a landlord with several holdings in SoHo.

These two properties boast a diverse set of commercial business, who might not be happy about the changing of the guard. Birds & Bubbles operates in the cellar space; the popular Deadly Dragon Sound reggae record shop (last of its kind), Football Cafe FC, and the CW Pencil boutique rep the ground floor spaces.

[h/t Real Deal]

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