158 Wooster
Soho, New York City

Southwest corner of Wooster and West Houston streets

Retail condominium in prime location with great visibility

3,000 SF ground floor retail with 1,000 SF usable cellar area; 13’ ceiling height, 106 linear feet of street frontage

Metal cladding, brick piers and granite base façade

 

158 Wooster

We always take advantage of great locations in our mixed used developments. At 158 Wooster Street, Tribeach managed and marketed the commercial space to maximize income and attract high quality tenants. While even the Soho market was affected by the US financial meltdown in 2008, we continued patiently to indentify tenants and negotiate without compromising the value of the lease. After the tenant fit out was completed, and cash flow stabilized, the property was traded for a very competitive cap rate when the opportunity arose.