Luxembourg Firm Acquires Mixed-Use Building in SoHo for $21 Million

 A Luxembourg-based firm has bought a prominent mixed-use property in Manhattan’s high-profile SoHo district for $21 million. The building, located at 392 West Broadway, combines ground-level retail space with residential units above and is centrally positioned in one of New York’s most vibrant shopping neighborhoods.

Retail Tenants Add Prestige

Among the tenants is luxury denim retailer Seven For All Mankind, a notable brand offering strong consumer appeal. The building also houses premium fashion boutique Silk Laundry, enhancing its draw among upscale shoppers and residents alike.

Strategic Investment in SoHo’s Real Estate

SoHo is known for its artistic heritage and boutiques, making it a magnet for investment in high-end real estate. The acquisition underscores the appeal of Manhattan’s mixed-use properties to international investors seeking exposure to both retail and residential segments.

Deal Details and Implications

While financial terms of the purchase were not disclosed beyond the total price, the deal highlights sustained investor confidence in the SoHo market. As a mixed-use asset with strong tenant credentials in a sought-after neighborhood, the property is likely to yield both steady rental income and long-term appreciation potential.

Read More : News | Luxembourg company snaps up SoHo building 

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