Rosemark Acquires Retail Property At 1501 3rd Avenue From SMA Equities For $7.8M

The retail property located at 1501 3rd Avenue in the Upper East Side has been sold for $7,800,000. This asset spans a total of 7,443 square feet, resulting in a price per square foot of $1,047.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $7,800,000
• Address: 1501 3rd Avenue
• Market: Upper East Side
• Square Footage: 7,443
• Price per Square Foot: $1,047
• Buyer: Rosemark
• Seller: SMA Equities
• Brokers: Eric Karmitz, Brent Glodowski & Alexandra Marolda - Avison Young

The transaction features notable individuals from Avison Young representing the brokers involved in the deal, which are Eric Karmitz, Brent Glodowski, and Alexandra Marolda. Their involvement facilitated the successful transfer of the property from the seller, SMA Equities, to the buyer, Rosemark.