18 Main purchases Manhattan boutique hotel for $14M

The Broome Hotel NYC, built in SoHo in 1825 and fully renovated and expanded from 2012-2014, includes a penthouse with a private terrace and balcony, a Parisian-inspired secret courtyard and a conference center. The historic property was purchased by 18 Main, a real estate investment group with a focus on hospitality and retail. The firm, led by founder and Managing Partner Tom Intrator, plans to keep the property as a hotel and upgrade/enhance the rooms and common spaces.

Distributed across five floors, the residences are centered around an open-air, Mediterranean-inspired courtyard. Inside, each one is complete with large Citiquiet soundproof windows designed to filter out neighborhood noise while welcoming in plenty of natural light.

The sales price was $14,050,000, which equals just over $1 million per room/key. The sellers were real estate investor Vincent Boitier and French restaurateurs (and brothers) Jean Claude and Stephane Iacovelli. Raphael Sitruk of the MSH Team at Corcoran represented both parties in the deal.