Avison Young Acquires Mixed-Use Property In Midtown East For $11.5M

Lanson Properties has sold a mixed-use asset located at 242 East 58th Street in Midtown East. The transaction took place on March 11, 2020. The property spans 10,000 square feet and was sold for a price of $11,500,000, resulting in a price per square foot of $1,150.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $11,500,000
• Address: 242 East 58th Street
• Market: Midtown East
• BROKERS: James Nelson, David Shalom, Eric Karmitz & Carter Lovejoy - Avison Young (Tri-State Investment Sales)

The sale of 242 East 58th Street was facilitated by brokers James Nelson, David Shalom, Eric Karmitz, and Carter Lovejoy from Avison Young (Tri-State Investment Sales). They played a pivotal role in connecting the seller, Lanson Properties, with the buyer.