Tuesday, July 5, 2011

123 Third Ave. retail space sells for $11 million

From the EV Grieve inbox ...

[An EV Grieve file photo]

RKF Investment Sales & Advisory Services (RKF) recently completed the sale of the 2,928-sf retail condominium at the base of 123 Third Ave., the 19-story new residential condominium building situated at the southeast corner of East 14th Street in Union Square. The 123 Third Ave. retail condominium, which features 126 feet of wraparound frontage, is fully occupied by Capital One Bank and was sold for $11,050,000.

RKF Executive Vice Presidents Jeff Fishman and Ariel Schuster, along with Director Brian Segall and Analyst Jonathan Butwin, served as the exclusive agents for the seller, 123 Third Avenue Partners, LLC, and also represented the buyer, a private investment group. RKF Investment Sales & Advisory Services is the investment sales division of industry leader RKF.

“This is a rare opportunity to purchase a new-construction retail condominium fully leased on a prime corner with consistently high pedestrian foot traffic and proximity to a nearby public transportation hub in Union Square,” said Fishman.

Previously... and previously.


Anonymous said...

I liked that corner better when it was a massage parlor. At least it had some character.

Anonymous said...

I just don't get it - how many fucking bank branches do we possibly need in the East Village (or NYC generally)? What's worse is that if you go into one and actually need help with anything they tell to call customer support or go online.

I almost feel like it's another real estate scam they are pulling and the rest of us haven't figured out what it is yet.