---
title: "Douglaston Realty Offloads 7 Cornelia Street in West Village for $25M"
url: https://burnaze.com/article/2f81a324-8d9a-45d5-bb01-3ac17260514a
source: "Commercial Observer"
original_url: https://commercialobserver.com/2026/07/douglaston-realty-offloads-7-cornelia-street-25m/
author: "Mark Hallum"
category: "Real estate"
industry: "Business Services"
segment: "Real estate"
published: 2026-07-10T16:51:43.000Z
modified: 2026-10-31T13:17:31.874Z
image: https://commercialobserver.com/wp-content/uploads/sites/3/2026/07/7-Cornelia-St_Credit_Propertyshark.jpg?quality=80&resize=1200%2C630&strip=
---

# Douglaston Realty Offloads 7 Cornelia Street in West Village for $25M

**TL;DR:** Douglaston Realty Management has sold 7 Cornelia Street in West Village for $25 million. A business partner of SoJo Spa Club's owner, Hyun Jun An, was involved in the financing of the sale.

*By Mark Hallum, originally published in Commercial Observer on 2026-07-10. [Read the original](https://commercialobserver.com/2026/07/douglaston-realty-offloads-7-cornelia-street-25m/).*

## Story

A business partner involved with the owner of the **SoJo Spa Club** in New Jersey signed mortgage documents tied to the sale of a West Village building, according to property records.

While it’s unclear if **Eun Rae Jo** is involved in the $25 million purchase of **7 Cornelia Street**, the involvement of **Hyun** **Jun An**, an investor and partner working alongside Jo, on the financing side raises the question of whether the famed spa owner has acquired yet another Manhattan property.

The buyer in the deed transfer filed to property records on Thursday afternoon was masked behind a shell corporation lacking any indication of the beneficial owner.

An was the authorized signatory on the $17.6 million mortgage documents from **Woori America bank**, according to property records.

**Douglaston Realty Management** was the seller, alongside other entities that had a stake in the 2013 acquisition of the property for $24.6 million.

Douglaston did not immediately respond to a request for comment.

Neither Jo nor An could be reached for comment. Both have been working together on deals recently, including the acquisition of **893 Broadway** in the Flatiron District for $31 million in early June and **16 East 18th Street** from **Revere Capital** for $16.3 million the week prior.

7 Cornelia Street sits just south of West Fourth Street, about a block and a half west of **Washington Square Park**. The five-story prewar building has 47 apartments and two retail slots on the ground floor, according to **StreetEasy**. Worker-owned cocktail bar **Donna** occupies one of the two ground-floor spaces.

## Entities

- Real Estate (sector)
- Commercial Observer (publication)
- Mark Hallum (person)
- property sale (topic)
- manhattan real estate (topic)
- mortgage financing (topic)
- Douglaston Realty Management (company)
- SoJo Spa Club (company)
- Eun Rae Jo (person)
- Hyun Jun An (person)
- Woori America bank (company)
- 7 Cornelia Street (location)

---
Originally reported by Mark Hallum, Commercial Observer (https://commercialobserver.com/2026/07/douglaston-realty-offloads-7-cornelia-street-25m/). Summarized by Burnaze (https://burnaze.com/article/2f81a324-8d9a-45d5-bb01-3ac17260514a).