West Village Property with Ralph Lauren Retail Location Trades for $17M
Gus Delaporte April 7, 2014, 12:45 p.m.
A West Village mixed-use property with a Ralph Lauren retail location at its base has sold for $17 million, according to public records. The five-story building, located at 383 Bleecker Street, was acquired by RWN Real Estate Partners in a deal that closed in February.
In addition to the retail component, the building boasts seven one-bedroom market-rate rental apartments. An 850-square-foot unit in the building last rented for $4,500 per month last year, according to StreetEasy.
The property, also known by the alternate address 88 Perry Street, was sold by Eighty-Eight Perry Street Corporation and last traded in 1970, public records show.
The buyer of the property, the real estate private equity arm of RWN Management, has been active on Bleecker Street in recent years. In 2012, the company acquired three contiguous properties to the east of 383 Bleecker Street in partnership with Silverstone Property Group. The buildings, located at 1 Bleecker Street, 3 Bleecker Street and 324 Bowery, traded in an off-market sale.
Michael Cleeman of Cohen Real Estate brokered the sale. The buyer could not immediately be reached for comment.