Katy Chiang Acquires Retail Property In East Harlem From Speiser Family For $1.8M

The retail property located at 1880 3rd Avenue in East Harlem has been sold. The property spans 2,920 square feet with a sale price of $1,800,000, resulting in a price per square foot of $616. The building also has a buildable square footage of 12,040, with a price per buildable square foot of $149. The transaction took place on April 9, 2021.

Summary of transaction details

• Property Type: Retail
• Sale Price: $1,800,000
• Square Footage: 2,920
• Price per Square Foot: $616
• Buildable Square Footage: 12,040
• Price per Buildable Square Foot: $149
• Date of Sale: April 9, 2021

The buyer of the property is Katy Chiang, while the seller is the Speiser Family. The transaction was facilitated by Kevin Darouvar, Uriel Setareh, Yoel Sarraf, and Ryan Sabet. Kevin Darouvar and the Darouvar Team, along with Uriel Setareh, Yoel Sarraf, and Ryan Sabet from 212MultiFamily, represented the seller in this deal. It is worth noting that both the Darouvar Team and 212MultiFamily were exclusively hired to represent the seller after successfully selling the adjacent building at 1878 3rd Avenue in 2019 for $2,100,000.

Currently, the Darouvar Team and 212MultiFamily are also involved in marketing the following properties:

1. 6 St. Marks Pl, Manhattan - Retail/Office
2. 133 East Broadway, Manhattan - Mixed-Use
3. 1407 Flatbush Avenue, Brooklyn - New Construction 421-A
4. 351 Atlantic Avenue, Brooklyn - 18,000 SF Vacant Asset

For those interested, the Darouvar Team is currently offering opportunities for Investment Sales Associates. More information can be obtained by reaching out via Private Message.