"The buyer is an international fund with a value-add approach toreal estate transactions in Manhattan," Shkury tells GlobeSt.com.He couldn't disclose any further information pertaining to thebuyer at this time.
Shkury and Michael Tortorici, of Massey Knakal NorthernManhattan, headed the sales team, which also included MarkSpinelli, a director of sales specializing in Midtown, and RobertKnakal, the firm's chairman and managing partner. Shkury says theprojected income for the buildings is $2.8 million--$2.2 million inresidential income and $638,350 in commercial income.
"The two buildings at 15-19 W. 55th St. present the buyers witha number of excellent investment options," Shkury notes. "Thecurrent zoning gives them the flexibility to buy and hold, orconvert the property to a hotel or condominium development."
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
