1403 2nd Avenue LLC Acquires Walk-up In Manhattan For $12M

A walk-up property with over six families and stores located at 1403 2nd Avenue in Manhattan, New York has been sold. The transaction took place on December 14, 2017. The property spans a total of 9,580 square feet and has 17 units. The sale price was recorded at $12,000,000, resulting in a price per square foot of $1,253.

Summary of transaction details:

• Property Type: Walk-up, Over Six Families With Stores
• Sale Date: 12/14/17
• Address: 1403 2nd Avenue
• City: New York
• Market: Manhattan
• Units: 17
• Buyer: 1403 2nd Avenue LLC
• Seller: Salt Equities - Sal Smeke and Michael Wahba
• Seller's Broker: Cushman and Wakefield Team of Guthrie Garvin, Michael Gembecki, and Alexander Ball
• Price: $12,000,000
• SF: 9,580
• PPSF: $1,253

The seller's representation in this transaction was provided by the Cushman and Wakefield Team, consisting of Guthrie Garvin, Michael Gembecki, and Alexander Ball.