JAM Real Estate Partners Acquires Mixed-Use Property On Upper East Side For $13M

Located on the Upper East Side at 1685-1687 First Avenue, a mixed-use property has been sold in a closed transaction. The property, spanning 16,889 square feet, was acquired by JAM Real Estate Partners, represented by Jared Pinchasick. The Punnett Family acted as the seller in the deal. The transaction was facilitated by Andrew Natter and Harold Fuchs of the Collaborative Group.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $13,000,000
• Square Footage: 16,889

The acquisition of 1685-1687 First Avenue marks a significant milestone for JAM Real Estate Partners, adding to their diverse portfolio. Led by Jared Pinchasick, JAM Real Estate Partners continues to expand its presence on the Upper East Side. The Collaborative Group, represented by Andrew Natter and Harold Fuchs, played a vital role in facilitating the transaction, ensuring a successful outcome for all parties involved.