A Manhattan retail space housing Cartier in Soho has just sold for 43.75% more than what the owner paid in 2022. An undisclosed Japanese conglomerate purchased 102 Greene Street from Aby Rosen’s RFR Holding for $46 million, equating to about $4,020 per square foot, with a capitalization rate of 4.2%.

The four-story building, dating back to 1881, was transformed by Cartier into a flagship location featuring a gallery, lounge, studios, and a rooftop garden and opened late last year. RFR had acquired ...