Hildreth Real Estate Advisors Acquires Mixed-Use Building In Turtle Bay, Manhattan For $2.7M

An all-cash transaction has been closed on a mixed-use property located at 838 2nd Ave in Turtle Bay, Manhattan. The property, formerly known as The Palm II Restaurant, has been sold by The Palm Management Corp. for a sale price of $2,700,000. The building spans 3,604 square feet and is fully free-market.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $2,700,000
• Address: 838 2nd Ave
• Market: Turtle Bay, Manhattan
• Buyer: Hildreth Real Estate Advisors - David Shorenstein, Jason Breitstone, Max Padway & Ethan Frank
• Seller: The Palm Management Corp.
• Brokers: Dan Kaplan & Noah Kossoff - CBRE
• Square Footage: 3,604
• Price Per Square Foot: $749

Hildreth Real Estate Advisors, represented by David Shorenstein, Jason Breitstone, Max Padway, and Ethan Frank, purchased the property. The deal was facilitated by brokers Dan Kaplan and Noah Kossoff from CBRE. The transaction was completed in just 10 days, with Hildreth Real Estate Advisors acquiring the property in an all-cash transaction.

For more information, please contact Hildreth Real Estate Advisors at [email protected].