Ultimate Realty Acquires Retail Condo In Midtown For $3.025M

The retail condo located at 141 East 55th Street in Midtown has been sold in a closed transaction. The property, measuring 3,200 square feet, was listed with an asking price of $3,750,000. The final sale price was $3,025,000, resulting in a price per square foot of $945. The net income generated by the property is $240,000.

Summary of transaction details:

• Property Type: Retail Condo
• Transaction Amount: $3,025,000
• Asking Price: $3,750,000
• Square Footage: 3,200
• Price Per Square Foot: $945
• Net Income: $240,000

The seller of the retail condo was Lupo Properties, represented by Maurizio Ameri. The buyer, Ultimate Realty, was represented by their broker, Michael Sabbagh. David Gomez acted as the buyer's representative, and Ben Tapper, along with Gregg, represented the seller in the transaction.