Acquires Retail Property From The Jemstone Group For $2.1M

The asset involved in this transaction is a retail property located at 2946 Third Avenue in the Bronx. The sale was completed for a price of $2,100,000, encompassing a total square footage of 3,500, resulting in a price per square foot of $600.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,100,000
• Address: 2946 Third Avenue
• Market: Bronx
• Square Footage: 3,500
• Price per Square Foot: $600
• Buyer:
• Seller: The Jemstone Group
• Senior Financing Provided by: Interaudi Bank in the amount of $1,365,000
• Capital Partner: Olyvian Capital Group LLC

The transaction was represented by , an entity sponsored by ES Acquisitions NY LLC, indicating the involvement of various stakeholders in the acquisition process alongside the general partner.