The transaction involves a mixed-use property located at 154 7th Ave, New York, NY, 10011, within the New York market. The property was sold for $23,400,000.00. The assets included in this deal consist of two buildings situated at the corner of 19th Street, specifically 152 and 154 Seventh Avenue. The previous owner, Renatus Group, acquired the properties for $10.5 million from longtime owner Michael Connolly prior to the sale.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $23,400,000.00
• Seller's Representative: Matthew Marshall - Marshall Real Estate
• Buyer: Midwood Investment and Development
• Date of Sale: 10/13/2017

The acquisition was made by Midwood Investment and Development, a firm based on Park Avenue, led by John Usdan. Renatus Group's representatives did not respond to requests for comments, and a spokesperson for Midwood also declined to comment on the transaction.