RKF Completes Sale of 1438 Third Avenue
03/17/2008
03/17/2008
Retail condominium sold for $4,000,000
NEW YORK — RKF Investment Sales & Advisory Services, a division of Robert K. Futterman & Associates, completed the sale of the retail condominium at 1438 Third Avenue for $4,000,000.
Senior Vice President Jeff Fishman, Director David Alani and Associate Brian Segall represented both the seller, Broad Street Development, and the buyer, 1438 Third Retail, LLC, in this transaction.
The retail condominium is situated at the base of the Maison East, a 31-story luxury residential condominium, located on the west block of Third Avenue between 81st and 82nd Streets. The 14,124 square feet of retail space is fully leased to Boom Gym and Sure Foot.
In October, RKF Senior Vice President Ariel Schuster and Associate Brett Weinblatt successfully completed the leasing of the retail space securing Surefoot for 1,442 square feet on the Ground Floor and 300 square feet in the Basement.
“We are proud to have represented Broad Street Development not only in the sale of this asset, but to have been involved from the beginning with the leasing effort, coming full circle securing a qualified buyer to maintain the caliber of ownership,” said Fishman.
Maison East experienced record sales, and only has a few units remaining. Located on Manhattan’s prestigious Upper East Side, Maison East is near many of the City’s most sought-after restaurants, boutiques and retail stores. Some of the area’s retailers include Eli’s Manhattan, Starbucks, Crumbs, RadioShack, Commerce Bank, Duane Reade and Ann Taylor Loft.
RKF Investment Sales and Advisory Services is under the leadership of Fishman. The division 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.
About Robert K. Futterman & Associates
The country’s leading independent real estate firm specializing in retail leasing and investment sales, 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 $9 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities throughout the US 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 — RKF Investment Sales & Advisory Services, a division of Robert K. Futterman & Associates, completed the sale of the retail condominium at 1438 Third Avenue for $4,000,000.
Senior Vice President Jeff Fishman, Director David Alani and Associate Brian Segall represented both the seller, Broad Street Development, and the buyer, 1438 Third Retail, LLC, in this transaction.
The retail condominium is situated at the base of the Maison East, a 31-story luxury residential condominium, located on the west block of Third Avenue between 81st and 82nd Streets. The 14,124 square feet of retail space is fully leased to Boom Gym and Sure Foot.
In October, RKF Senior Vice President Ariel Schuster and Associate Brett Weinblatt successfully completed the leasing of the retail space securing Surefoot for 1,442 square feet on the Ground Floor and 300 square feet in the Basement.
“We are proud to have represented Broad Street Development not only in the sale of this asset, but to have been involved from the beginning with the leasing effort, coming full circle securing a qualified buyer to maintain the caliber of ownership,” said Fishman.
Maison East experienced record sales, and only has a few units remaining. Located on Manhattan’s prestigious Upper East Side, Maison East is near many of the City’s most sought-after restaurants, boutiques and retail stores. Some of the area’s retailers include Eli’s Manhattan, Starbucks, Crumbs, RadioShack, Commerce Bank, Duane Reade and Ann Taylor Loft.
RKF Investment Sales and Advisory Services is under the leadership of Fishman. The division 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.
About Robert K. Futterman & Associates
The country’s leading independent real estate firm specializing in retail leasing and investment sales, 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 $9 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities throughout the US 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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