Sale of Greenwich Village Retail Building Fetches $10.5M

Quick-service restaurant franchisee Ali Shahid Butt, through the entity RE 34 E 14th LLC, has purchased the 7,725-square-foot retail property at 34 East 14th Street. The sale by longtime owner the late Julien Studley, through the entity Urban On The Square LLC, fetched a price of $10.5 million, or $1,359 per square foot. Located between University Place and 5th Avenue, the Greenwich Village building offers 25-feet of frontage along 14th Street.