Nathan Khan Purchases Retail Property At 350-354 6th Avenue For $16.5 Million

The property asset involved in this transaction is a retail space located at 350-354 6th Avenue in the Manhattan market. The sale price for the property was $16,500,000, with a total square footage of 16,798, resulting in a price per square foot of $982.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $16,500,000
• Address: 350-354 6th Avenue
• Market: Manhattan
• Square Footage: 16,798
• Price per Square Foot: $982
• Buyer: Nathan Khan
• Seller: Nate Cann - Dry Creek Capital Partners
• Broker Representatives: Adelaide Polsinelli & Trystan Polsinelli - Compass

In this transaction, the brokers representing the seller were Adelaide Polsinelli and Trystan Polsinelli from Compass. Notably, after four years and the involvement of four different ownership entities, which included a bankruptcy and an unsuccessful liquidation auction, the brokers successfully procured the sale of the property to a local nonprofit.