RKF Completes Sale of 1251 Lexington Avenue
04/25/2007
04/25/2007
Retail condominium sold for $25,150,000
NEW YORK, NY — Robert K. Futterman & Associates, LLC (RKF), the nation’s leading independent real estate firm specializing in retail leasing, investment sales and consulting services completed the sale of a 9,141-square-foot retail condominium at 1251 Lexington Avenue in Manhattan for $25,150,000.
Jeff Fishman, senior vice president of RKF Investment Sales and Advisory Services, represented the seller, 150 E. 85th, LLC, and Alan S. Cohen of Brighton Advisors, LLC represented the buyer, Joshua and Nathan Halegua of Jonis Realty-Lexington Partners, LLC. Through the sale of the property, RKF helped the buyer satisfy its 1031 Exchange needs.
In April 2006 RKF also represented 150 E. 85th, LLC in its original purchase of the retail condominium, which consists of 7,141 square feet on the ground floor and 2,000 square feet in the basement. The building was purchased for $20.2 million and RKF subsequently leased the vacant retail space to Pets on Lex and Starbucks. RKF Senior Managing Director Ariel Schuster and Director
Richard Gelber represented building ownership in all lease negotiations.
RKF Investment Sales and Advisory Services specializes in developing and executing investment strategies for buyers and sellers of all types of retail driven assets. The firm is fast emerging as a leader in all aspects of investment sales in New York City as well as nationwide.
The country’s leading independent real estate firm specializing in retail leasing and investment sales, Robert K. Futterman & Associates (RKF) serves a broad spectrum of domestic and global clients in services ranging from national tenant and owner representation to advisory, consulting and disposition. With over $7.4 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities throughout the United States for leading American and international chains, retailers, developers and institutional clients. RKF is headquartered in New York with offices in Las Vegas, Los Angeles and San Francisco.
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NEW YORK, NY — Robert K. Futterman & Associates, LLC (RKF), the nation’s leading independent real estate firm specializing in retail leasing, investment sales and consulting services completed the sale of a 9,141-square-foot retail condominium at 1251 Lexington Avenue in Manhattan for $25,150,000.
Jeff Fishman, senior vice president of RKF Investment Sales and Advisory Services, represented the seller, 150 E. 85th, LLC, and Alan S. Cohen of Brighton Advisors, LLC represented the buyer, Joshua and Nathan Halegua of Jonis Realty-Lexington Partners, LLC. Through the sale of the property, RKF helped the buyer satisfy its 1031 Exchange needs.
In April 2006 RKF also represented 150 E. 85th, LLC in its original purchase of the retail condominium, which consists of 7,141 square feet on the ground floor and 2,000 square feet in the basement. The building was purchased for $20.2 million and RKF subsequently leased the vacant retail space to Pets on Lex and Starbucks. RKF Senior Managing Director Ariel Schuster and Director
Richard Gelber represented building ownership in all lease negotiations.
RKF Investment Sales and Advisory Services specializes in developing and executing investment strategies for buyers and sellers of all types of retail driven assets. The firm is fast emerging as a leader in all aspects of investment sales in New York City as well as nationwide.
The country’s leading independent real estate firm specializing in retail leasing and investment sales, Robert K. Futterman & Associates (RKF) serves a broad spectrum of domestic and global clients in services ranging from national tenant and owner representation to advisory, consulting and disposition. With over $7.4 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities throughout the United States for leading American and international chains, retailers, developers and institutional clients. RKF is headquartered in New York with offices in Las Vegas, Los Angeles and San Francisco.
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