SP Capital Group Sells 8,300 SF Mixed-Use Property In New York City For $3.9M

The mixed-use property located at 2704 East Tremont Avenue in New York City has been sold for a total of $3,900,000. The transaction, which took place on January 10, 2023, marks the first sale of the property in 40 years. The asset spans 8,300 square feet and was sold at a price per square foot of $470.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $3,900,000
• Address: 2704 East Tremont Avenue
• Market: New York City
• Square Footage: 8,300
• Price per Square Foot: $470

The sale was facilitated by the SP Capital Group, with Joshua Pomerantz, Roni Soleimani, and Jess Pham representing the seller, The Liferier Family. Despite the market turnaround, SP Capital Group successfully secured a buyer and negotiated favorable terms for both parties, including seller financing. The transaction was able to achieve the full asking price, highlighting the expertise and negotiation skills of the brokers involved.

For similar off-market deals or more information, interested parties can reach out to the representatives at SP Capital Group:

• Roni Soleimani: [email protected]
• Jess Pham: [email protected]
• Joshua Pomerantz: [email protected]