--- title: "Infinity, KB Realty Partners Bag 75 Kenmare Street’s Retail Condo for $12M" url: https://burnaze.com/article/af1a8eb6-1e41-4fcf-b6b3-87922314b4a2 source: "Commercial Observer" original_url: https://commercialobserver.com/2026/07/soho-infinity-kb-realty-retail/ category: "Real estate" industry: "Business Services" segment: "Real estate" published: 2026-07-20T19:55:09.000Z modified: 2026-10-31T13:20:40.671Z image: https://commercialobserver.com/wp-content/uploads/sites/3/2026/07/David-Berg-Steven-Kassin-Jon-Krasner-75-Kenmare-St-credit-Propertyshark.jpg?quality=80&resize=1200%2C630&strip= --- # Infinity, KB Realty Partners Bag 75 Kenmare Street’s Retail Condo for $12M **TL;DR:** Infinity Real Estate and KB Realty Partners acquired the retail condominium at 75 Kenmare Street in Manhattan's Nolita neighborhood for $11.75 million. The transaction adds to Infinity's push into SoHo retail and KB Realty's expanding portfolio in the neighborhood. *originally published in Commercial Observer on 2026-07-20. [Read the original](https://commercialobserver.com/2026/07/soho-infinity-kb-realty-retail/).* ## Story **Infinity Real Estate** and **KB Realty Partners** just acquired the retail condominium at **75 Kenmare Street** in Manhattan’s Nolita neighborhood — just outside of SoHo — for $11.75 million, Commercial Observer can first report. The transaction, which closed July 16, adds to Infinity’s continued push into SoHo retail, and KB Realty’s expanding portfolio in the neighborhood via both retail and mixed-use investments. 75 Kenmare Street sits in a prime position at the corner of Kenmare and Mulberry streets. Its 10,000-square-foot retail component comprises two commercial units that are fully leased to tenants **Undefeated**, **Nemesis Coffee**, **Bondi Sushi** and **M Jewelers.** Atop the retail sits a luxury condo component — not included in the purchase — with 38 residential units designed by none other than **Lenny Kravitz**. **First Atlantic Realty** was the seller, and was advised by **Masonre** in the deal. **ConnectOne Bank** provided Infinity and KB Realty with acquisition financing. “Manhattan retail is where Infinity got its start nearly 20 years ago, and this acquisition marks a deliberate return to that core focus,” **Steven Kassin**, a managing partner at Infinity Real Estate, said in a statement. “75 Kenmare Street is an attractive asset to continue growing our footprint in Manhattan retail.” Kassin founded Infinity Real Estate in 2005. The firm — which develops, owns and manages real estate across the U.S. — is headquartered in New York, but also has an office in Miami today. “This is exactly the kind of asset we look for,” **David Berg**, a partner at Infinity Real Estate, said. “Strong in-place tenancy, dependable cash flow from day one, and a tenant mix that genuinely fits the neighborhood.” The deal follows Infinity Real Estate’s acquisition of **40 Bleecker Street** in late 2024. The firm paid $13.3 million to **Broad Street Development** and **Crow Holdings** for the similarly sized retail condominium, also at the base of a luxury condo building. At the time, Berg said the 40 Bleecker Street deal signified the firm’s interest in “redeploying capital back to New York, particularly in the retail sector, which has always been a core focus for much of the company’s history.” “I’ve spent the last several years building conviction in SoHo, and 75 Kenmare Street is a natural extension of that,” **Jon Krasner**, managing partner at KB Realty Partners, said in a statement. ”Every acquisition here reinforces why I keep coming back to this neighborhood.” Indeed, just last year, Krasner bought **40 Thompson Street** in SoHo from **Steven Elghanayan**’s **Epic** for $23.1 million and **123 Lafayette Street** for $21.8 million. The latter property was purchased from First Atlantic Realty, the seller of 75 Kenmare, via Krasner’s **7G Group.** ## Entities - Real Estate (sector) - Commercial Observer (publication) - David Berg (person) - manhattan real estate (topic) - retail acquisition (topic) - Infinity Real Estate (company) - KB Realty Partners (company) - 75 Kenmare Street (location) - Undefeated (company) - Nemesis Coffee (company) - Bondi Sushi (company) - M Jewelers (company) --- Originally reported by Commercial Observer (https://commercialobserver.com/2026/07/soho-infinity-kb-realty-retail/). Summarized by Burnaze (https://burnaze.com/article/af1a8eb6-1e41-4fcf-b6b3-87922314b4a2).