Global Asset Properties Acquires Retail Asset In Manhattan For $7.2 Million

The property involved in this transaction is a retail asset located at 1029-1039 2nd Avenue in Manhattan. The sale price was $7,200,000, corresponding to a total square footage of 4,765, which calculates to a price per square foot of $1,511.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $7,200,000
• Address: 1029-1039 2nd Avenue
• Market: Manhattan
• Square Footage: 4,765
• Price Per Square Foot: $1,511
• Buyer: Global Asset Properties - Albert Rabizadeh
• Brokers: Brandon Polakoff & Brent Glodowski - Avison Young

Brandon Polakoff and Brent Glodowski from Avison Young represented the buyer, Global Asset Properties, in this transaction, facilitating the exchange of the retail property in Manhattan.