RKF Completes Sale of 303 East 83rd Street, The Camargue
08/09/2007
08/09/2007
Luxury rental building sold for $170 million
New York, NY — Robert K. Futterman & Associates, LLC (RKF), a leading independent real estate firm specializing in retail leasing, investment sales and consulting services completed the sale of a 268,750-square-foot, 261-unit luxury rental building at 303 East 83rd Street for $170 million to Archstone-Smith Operating Trust.
Jeff Fishman, senior vice president of RKF, who heads up the firm’s investment sales and advisory services division, represented the seller, 303 East 83rd LLC.
Constructed in 1976, 303 East 83rd Street is located on the northeast corner of Second Avenue and 83rd Street in one of Manhattan’s most desirable residential neighborhoods. The building has 125 feet of frontage on 83rd Street and 153 feet on Second Avenue; a two-level parking garage for 115 cars; and more than 6,400 square feet of corner retail space, which is currently occupied by Upper East Side favorite Tony Di Napoli’s Restaurant and a dry cleaner.
The area is conveniently located between Central Park and the East River, and is home to some of the city’s most prestigious museums and galleries as well as retailers such as Pinkberry, Otaya, Comic Strip Live, Starbucks, Duane Reade and Talbots Kids.
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), a leading independent real estate firm specializing in retail leasing, investment sales and consulting services completed the sale of a 268,750-square-foot, 261-unit luxury rental building at 303 East 83rd Street for $170 million to Archstone-Smith Operating Trust.
Jeff Fishman, senior vice president of RKF, who heads up the firm’s investment sales and advisory services division, represented the seller, 303 East 83rd LLC.
Constructed in 1976, 303 East 83rd Street is located on the northeast corner of Second Avenue and 83rd Street in one of Manhattan’s most desirable residential neighborhoods. The building has 125 feet of frontage on 83rd Street and 153 feet on Second Avenue; a two-level parking garage for 115 cars; and more than 6,400 square feet of corner retail space, which is currently occupied by Upper East Side favorite Tony Di Napoli’s Restaurant and a dry cleaner.
The area is conveniently located between Central Park and the East River, and is home to some of the city’s most prestigious museums and galleries as well as retailers such as Pinkberry, Otaya, Comic Strip Live, Starbucks, Duane Reade and Talbots Kids.
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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