HIDROCK REALTY ACQUIRES 512 BROOME STREET FOR $2.8M

HIDROCK REALTY ACQUIRES 512 BROOME STREET FOR $2.8M

Hidrock Realty has acquired 512 Broome Street, a retail property in SoHo, for $2.8 million as part of a 1031 Exchange. It’s the company’s first SoHo investment. Michael Rothstein and Eleas Mathios of Marcus and Millichap represented both Hidrock and the seller, RHS Ventures, in the transaction.

Located on Broome Street off of West Broadway, 512 Broome Street is in close proximity to galleries, cafes, restaurants and stores. The property offers 1,100 sq. ft. of ground-floor space, as well as 1,000 sq. ft. of basement space.