NEW YORK CITY-A commercial loft building has traded for $29 million. Clemons Management Corp. sold the 12-story building at 29 W. 36th St. to Broadway 36th Realty LLC, local investors in the textile industry.

The property was marketed in December and was expected to fetch $30.8 million, as previously reported. Eastern Consolidated’s vice chairman Brian Ezratty with vice president of financial services Scott Ellard both represented the seller and Ezratty procured the buyer.

Ezratty tells that one of the attractions to the buyer was the location, which is in a vibrant area. “We had 20 offers and probably 10 over $26 million and five over 28 million,” he says. There was “lots of interest in it.”

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