Mequity Cos Acquires Parking Lot In New York City For $32.2M

The 50,000-square-foot parking garage located at 41-47 E. 21st St in Manhattan’s Flatiron district was sold for $32.2 million in a recent transaction. The property is conveniently situated six blocks away from multiple train lines including the 4, 5, 6, L, N, Q, R, and W trains, making it easily accessible to commuters. Mequity Cos. served as the buyer, while the seller was the Zucker Organization. The deal was facilitated by brokers Mitchell Salmon, Steve Lorenzo, and Christopher Ventura from Lee & Associates representing the buyer, and Sidney Rosenthal from Lee & Associates representing the seller.

Summary of transation details:

• Property Type: Parking Lot
• Transaction Amount: $32,200,000.00
• Address: 41 E 21st St, New York, NY, 10003
• Market: New York
• Buyer's Rep: Mitchell Salmon(Lee & Associates), Steve Lorenzo(Lee & Associates)
• Seller's Rep: Sidney Rosenthal(Lee & Associates)
• Buyer: Mequity Cos
• Seller: Zucker Organization

The successful sale of this well-located parking asset underscores the collaborative efforts of the buyer, Mequity Cos., and the seller, Zucker Organization. The transaction was efficiently managed by the buyer's representatives, Mitchell Salmon, Steve Lorenzo, and Christopher Ventura from Lee & Associates, as well as the seller's representative, Sidney Rosenthal. This deal highlights the strategic decision-making and negotiation skills of the involved parties in the competitive real estate market of New York City.