Albert Rabizadeh Of Global Asset Properties Acquires Condo In Lenox Hill For $22M

The transaction involves the sale of two commercial condo units located at 1035 3rd Avenue in Lenox Hill, Manhattan. The transaction price for the condos was $22,000,000, with a total square footage of 7,807, resulting in a price per square foot of $2,818.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $22,000,000
• Address: 1035 3rd Avenue, Lenox Hill, Manhattan
• Buyer: Albert Rabizadeh - Global Asset Properties
• Seller: Kenneth Bernstein - Acadia Realty Trust
• Square Footage: 7,807
• Price per Square Foot: $2,818

Albert Rabizadeh represented Global Asset Properties as the buyer in the transaction, while Kenneth Bernstein represented Acadia Realty Trust as the seller. The deal illustrates a notable activity in the Manhattan commercial real estate market, involving established entities in property investment and management.