$600,000 approximate annual rent
163 Mercer Street (between West Houston and Prince Streets)
A Bathing Ape, a Japanese fashion brand known as Bape, signed a 10-year lease for this two-story, 4,000-square-foot building in SoHo, which was formerly the flagship store for Marc Jacobs. Built in 1867, it was once used as a wagon house and includes garage doors. The owner bought the building in the 1970s.
Tenant: A Bathing Ape
Tenant’s Broker: Gabriel Paisner of Odyssey Retail Advisors
Landlord: 39 Tapir
Landlord’s Brokers: Steve Rappaport and Margie Sarway of Sinvin Real Estate