Brookfield is looking to sell the home of Soho’s Eataly market at a price tag of $40 million.
The company put the two-story retail condo at 200 Lafayette Street up for sale, according to an offering memo.
The nearly 30,000-square-foot condo is leased to Eataly on the ground and basement floors, and Moncler leases a bit more than 11,000 square feet of office space on the second floor.
A representative for Brookfield did not immediately respond to a request for comment. A Newmark team led by Adam Spies and Adam Doneger is marketing the property.
The offering memo notes that Monceler’s lease runs through 2033 and Eataly’s expires five years later, with the property giving off roughly $47 million in base rent revenue through the remainder of those deals.
Brookfield came to own the property through its acquisition of GGP in 2018. Three years earlier, the mall landlord sold off the upper floors to LaSalle Investment Management, which recently inked a 33,500-square-foot office lease with Andreessen Horowitz.
Soho has seen a spate of investment sales deals recently.
Blackstone late last year bought a $200 million portfolio of retail and office properties in the neighborhood.
Spanish fast-fashion billionaire Isak Andic bought the retail condo at 512 Broadway for $27 million, and an unidentified Japanese investor paid $47 million to buy the Cartier-leased space at 102 Greene Street.
Elsewhere, Brookfield last month sold the Midtown office building at 333 West 43rd Street to the iconic electronics store B&H Photo for $150 million. That was about $105 million less than the company paid for the property in 2018.
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