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Avison Young Acquires Mixed-Use Property In Midtown East For $11.5M

242 East 58th Street 
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This Mixed-use property located in NY was sold for $11,500,000 about 4 years ago. The brokers of the deal were James Nelson, Carter Lovejoy, Eric Karmitz, and David Shalom

Lanson Properties has sold a mixed-use asset located at 242 East 58th Street in Midtown East. The transaction took place on March 11, 2020. The property spans 10,000 square feet and was sold for a price of $11,500,000, resulting in a price per square foot of $1,150.

Summary of transaction details

The sale of 242 East 58th Street was facilitated by brokers James Nelson, David Shalom, Eric Karmitz, and Carter Lovejoy from Avison Young (Tri-State Investment Sales). They played a pivotal role in connecting the seller, Lanson Properties, with the buyer.

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Deals
  • Location
    242 East 58th Street, Brooklyn, NY 11203, USA242 East 58th Street, Brooklyn, NY 11203, USA
  • Sale Price
    $11,500,000$11,500,000
    $1,150 PPSF$1,150 PPSF
  • Area
    10,000 SF10,000 SF
  • Asset Type
    Mixed-useMixed-use
  • Parties
    4 Brokers, 1 Agency4 Brokers, 1 Agency

Agents

James Nelson

James Nelson

Deals66
Financed$1.4B

Eric Karmitz

Eric Karmitz

Deals19
Sold$436.6M

David Shalom

David Shalom

Deals27
Sold$352.2M

Carter Lovejoy

Carter Lovejoy

Deals4
Sold$43.5M

Agency

Avison Young

Avison Young

Agency
Deals808
Volume$17B

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Deal Summary

SALE IMAGE: James Nelson, Eric Karmitz, Carter Lovejoy, David Shalom DATE: 03/11/2020 ADDRESS: 242 East 58th Street MARKET: Midtown East ASSET TYPE: Mixed-use SELLER: Lanson Properties BROKERS: James Nelson, David Shalom, Eric Karmitz & Carter Lovejoy - Avison Young (Tri-State Investment Sales) PRICE: $11,500,000 SF: 10,000 PPSF: $1,150

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242 East 58th Street 

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