The building, built in 1989 on a 58,000-sf parcel, is 95% occupied, mainly by individual doctors, who will remain tenants. Carlos M. Xiques of locally based Alliance Companies Inc. represented 57th Avenue Associates in the transaction.
"Despite the uncertainty in the economy, we remain confident that appropriately priced and well-marketed properties can and will continue to sell," according to Robert Cambó, president of Alliance Companies.
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