Albert Rabizadeh Of Global Asset Properties Acquires Retail Space In Manhattan For $17M

The property involved in this transaction is a retail asset located at 325 Fifth Avenue in Manhattan. The sale price amounted to $17,000,000, with a total square footage of 6,030, translating to a price per square foot of $2,819.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $17,000,000
• Address: 325 Fifth Avenue
• Market: Manhattan
• Square Footage: 6,030
• Price Per Square Foot: $2,819
• Buyer: Albert Rabizadeh - Global Asset Properties
• Seller: John P. McCarthy - HUBB NYC
• Buyer's Representative: Brian Segall - Newmark
• Seller's Representatives: Brent Glodowski, Mitchell Levine & David Shalom - Avison Young

The transaction included notable individuals such as Albert Rabizadeh representing the buyer, Global Asset Properties, while John P. McCarthy represented the seller, HUBB NYC. The buyer's interests were facilitated by Brian Segall from Newmark, whereas the seller was represented by a team from Avison Young consisting of Brent Glodowski, Mitchell Levine, and David Shalom.