Cartier’s Multi-Level SoHo Store Trades for $46M
The 4-story SoHo building that is home to Cartier’s newest Manhattan location has reportedly traded for $46 million. Located at 102 Greene Street, the approximately 9,336-square-foot multi-level store that opened early this year was leased by the French luxury brand during the pandemic in April 2021. According to city records, the latest sale marks the third change of hands since 2014, upon SL Greene Realty purchasing the property from BLDG Management for $32.25 million, subsequently selling the asset to RFR Realty in October 2022 for a moderately discounted price of $31.5 million; while the sale by RFR to an undisclosed buyer fetched a price that is 46% higher than what was paid by the firm two years prior. In addition to including luxury goods for sale, Cartier’s SoHo store features a “green marble bar with lounge seating and hospitality service, as well as a rooftop garden on the fourth floor. Cartier joins a few other recently announced deals in the neighborhood including skincare brand Caudalie’s $9.75 million purchase of a 3,568-square-foot retail condo at the base of 130 Greene Street, a 25,000-square foot lease by Uniqlo’s sister brand GU, apparel brand Arc’teryx’ lease for 14,400 square feet at 114 Crosby Street in July, and Australian-based fashion label Princess Polly’s lease for 8,000 square feet in November marking its first New York City store.