(Read more on the multifamilymarket.)
NEW YORK CITY-Four buildings that occupy the southwest corner ofSecond Avenue and East 71st Street, on Manhattan's Upper East Side,are up for sale for what a source close to the deal tellsGlobeSt.com could fetch in the mid-$20-million range. Thecontiguous five-story walk-up buildings are located at 1343-1347Second Ave. and 242 E. 71st St. and contain 50 residential unitsand eight commercial stores, five of which are situated on SecondAvenue.
The seller, the Estate of Dr. Manuel Stapen, had owned andoperated the properties for the past 25 years. Locally basedEastern Consolidated's vice chairman Brian Ezratty, senior directorDeborah Gutoff and director Martin Ezratty, are marketing thesale.
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