Zar Claims Wooster Street Property for about $39M

NEW YORK—Zar Properties has acquired 105-113 Wooster Street in Manhattan for approximately $39 million. The 35,000-sq.-ft property is a retail condo building located in the SoHo neighborhood.

The transaction also includes three upper-floor loft apartments also sold by the New Mexico-based sponsor.

Room & Board, the current tenant in the retail space, has approximately seven years remaining on its lease.

Zar Properties is a family-owned, New York City-based investment firm. Founded more than two decades ago, the company recently acquired 64-68 Wooster Street.