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. News Hub is your link torelevant real estate and business stories from other local,regional and national publications.

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