JAM RE Partners Acquires Mixed-Use Asset In Lenox Hill From Gould Investors For $10.6M

The property located at 1269-1271 1st Avenue is a mixed-use asset situated in the Lenox Hill market. The sale price for the property was $10,600,000, encompassing a total of 15,490 square feet, which equates to a price per square foot of $684.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $10,600,000
• Address: 1269-1271 1st Avenue
• Market: Lenox Hill
• Square Footage: 15,490
• Price Per Square Foot: $684
• Buyer: JAM RE Partners - Jared & Steve Pinchasick & Gary Podell
• Seller: Gould Investors
• Broker Representatives: Brett Siegel, Eric Roth & Tyler Signora - Newmark

JAM RE Partners was represented by Jared & Steve Pinchasick and Gary Podell in the transaction, while the seller, Gould Investors, was facilitated by brokers Brett Siegel, Eric Roth, and Tyler Signora from Newmark.