MTA $26 Million Richer After Selling SoHo Lot

MTA $26 Million Richer After Selling SoHo LotImage courtesy of Jen Carlson (Gothamist).

The MTA came up today, selling a lot in SoHo that housed a fruit stand Gothamist says pedestrians called "sketchy and dirty" for $26 million. The 6,190-square-foot space lot located at 19 East Houston Street went to Madison Capital, and the MTA is still shocked at the sale (shhh!). “We had not predicted anything like this kind of money for this … somewhat oddly shaped triangular parcel down in Soho,” said Jeffrey Rosen, MTA director of real estate. That's a come up for you.

As part of the deal, the MTA also received a parking lot at East 20th Street, which Madison Capital will buy for $13 million and then turn over to the agency. Though it won't get to hang on to all $26 million, the MTA should be satisfied with what the've come away with.

[via Gothamist]


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Tags: mta, new-york-city, soho
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