Eastern Consolidated senior director Ety Lee represented theseller, while Eastern's Azita Aghravi, senior director, procuredthe buyer. Paul Nigido was the analyst in the transaction.Attorneys in the transaction included Nesenoff & MiltenbergLLP, who acted for the buyer, while Akabas & Sproulerepresented the seller.
The portfolio of buildings situated at 315, 317, 319 and 321Sixth Ave. offers a total of 4,800 sf of prime ground-floor retailspace plus 13 decontrolled residential units. "Not surprisingly,this package sold swiftly at an amount commensurate with the veryhigh prices investment properties are fetching in this frenziedmarket," says Lee, who added that the location definitely drove thesale.
Greenwich Village, a magnet for tourists, is highly sought-afterbecause of its history, bohemian shops and trendy restaurants. "Myclient plans to upgrade the building and retain is as an incomeproducing asset," says Aghravi.
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