Fabco Shoes Acquires Retail Property In Longwood For $4.5M

The retail property located at 46 East 170th St. in Longwood has recently been sold. The buyer, Fabco Shoes represented by Claire & David Weinman, acquired the property from the seller, Albrecht Family, for a price of $4,500,000. The property spans a total area of 5,421 square feet, resulting in a price per square foot of $830. With a building square footage of 25,108, the price per building square foot amounts to $179.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,500,000
• Address: 46 East 170th St.
• Market: Longwood
• Buyer: Fabco Shoes - Claire & David Weinman
• Seller: Albrecht Family
• Square Footage: 5,421
• Price per Square Foot: $830
• Building Square Footage: 25,108
• Price per Building Square Foot: $179

Fabco Shoes, represented by Claire & David Weinman, successfully completed the acquisition of the retail property on 46 East 170th St. in Longwood. This transaction solidifies Fabco Shoes' presence in the market and expands their portfolio. The seller, Albrecht Family, has now concluded the sale of the property, allowing them to move on to other ventures. The deal showcases the expertise and negotiation skills of Fabco Shoes' representatives who facilitated the transaction.