NEW YORK CITY-New York-based Benchmark Real Estate Group haspurchased a mixed-use building at 10 Fifth Ave. from alocally-based Italian family for $9.5 million. The seller wanted tosell the five-story building for $11.5 million, but Benchmark RealEstate purchased the property by paying 17% below the askingrate.

The building comprises 14 rental units and 3 retail units. Thenew owner will start improving the property at the beginning ofMay. Eastern Consolidated represented both the parties in thedeal.For the full story, go to Crain's New York Business.


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