Long Island investor buys Soho multifamily from Centurion for $58M

A Long Island landlord has scooped up a piece of Soho real estate.  Soheil Khayyam has purchased the multifamily building at 68-74 Thompson Street for $58 million at a 4.7 percent capitalization rate, The Real Deal has learned. Centurion Realty sold the building through an affiliate.  Joe Koicim of the New York Multifamily Team at Marcus and Millichap brought both the buyer and the seller in the off-market deal. The deal underscores the hot demand in the neighborhood, even as retail rents lag their pre-pandemic peak. “We paid top price because we believe in the product,” Khayyam said. “We love […] This article originally appeared on The Real Deal. Click here to read the full story.