SOLD
BROKER
SOLD
BROKER
Conway Capital Acquires Park Slope Mixed-Use Property For $4.025M
Mixed-use$80 PPSF50K sqf
SOLD
BROKER
ABCNY Development Corp. Acquires Development Site In Ridgewood For $3M
Dev Site255.4K sqf
Jeff Weiss
Senior Director at Highcap Group
$14M
Sold
4
Closed
315K
Area
About
Jeff Weiss, Senior Director, of Manhattan based Investment Sales brokerage firm Highcap Group is pleased to announce the sale of a +/- 6,100 SF mixed use building in the Prime Upper East Side. The property, 1169 Second Avenue, New York NY located between 61st Street and 62nd Street sold for $8,125,000. Weiss represented both the buyer, Force Capital and the seller, a long term family ownership on this transaction.
The property was built in 1920 and is situated on busy Second Avenue, near the Roosevelt Island Tram Station (Manhattan side). With 27’ of frontage, the property has +/- 6,100 SF plus an additional +/- 13,100 SF of air rights. The ground floor has two retail spaces, and is currently occupied by “2nd Avenue Nail SPA” and the other retail space is currently vacant. Floors two through four have two residential apartments per floor, six 1-bedrooml units in total. The property was family owned for over 45+ years. According to Weiss, “Considering its legacy the family wanted to ensure the best future for the building. Strategically introducing the right buyer for this deal was the first step in a several month long negotiation and Force Capital was able to execute on their... Read More
Member since: August 2022