SOLD
Anbau Enterprises Acquires Mixed-Use Property On 1st Avenue In Manhattan For $16.2M
53-55 1st Avenue
Mixed-use
18,240 SF
18,240 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Mixed-use
18,240 sqft
Located at 53-55 1st Avenue in Manhattan, this mixed-use property recently changed hands in a closed transaction. The property, spanning an area of 18,240 square feet, was sold for a price of $16,200,000, resulting in a price per square foot of $888. The transaction recorded a capitalization rate of 4.33%.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $16,200,000
- Address: 53-55 1st Avenue
- Market: Manhattan
The seller of the property was 53-55 First Avenue Realty, LLC, while the buyer was Anbau Enterprises. The transaction was facilitated by the brokerage firm Cushman and Wakefield, with James Nelson, Bob Knakal, Brandon Polakoff, and Patrick Yannotta representing the parties involved.
Players
All
6
Agents
4
Agencies
2
Details
SOLD
IMAGE: 53-55 1st Avenue, Cushman and Wakefield’s James Nelson, Bob Knakal, Brandon Polakoff & Patrick Yannotta
ADDRESS: 53-55 1st Avenue
CITY: New York
MARKET: Manhattan
ASSET TYPE: Mixed-Use
PRICE: $16,200,000
SF: 18,240 PPSF: $888/SF
CAP RATE: 4.33%
SELLER: 53-55 First Avenue Realty, LLC
BUYER: Anbau Enterprises
BROKER: Cushman and Wakefield’s James Nelson, Bob Knakal, Brandon […]View on map
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Address53-55 1st Avenue
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