Frédéric Puzin Of Corum Asset Management Acquires Retail Condo In Manhattan For $17M

The transaction involved a retail condo located at 2688 Broadway in Manhattan. The property was sold for $17,000,000 and encompasses 11,183 square feet, resulting in a price per square foot of $1,520. The property is currently leased to CVS for a period of 15 years.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $17,000,000
• Square Footage: 11,183
• Price Per Square Foot: $1,520
• Address: 2688 Broadway
• Market: Manhattan
• Buyer: Frédéric Puzin - Corum Asset Management
• Brokers: Andrew Berry & Charlie Gravina - Cushman & Wakefield

Frédéric Puzin represented Corum Asset Management in the purchase, marking the firm’s entry into the U.S. market this November with a dedicated SCPI, a French fund structure similar to a REIT. The deal was brokered by Andrew Berry and Charlie Gravina from Cushman & Wakefield.