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Anbau Enterprises Acquires Mixed-Use Property On 1st Avenue In Manhattan For $16.2M

53-55 1st Avenue
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This Mixed-use property located in NY was sold over 3 years ago. The brokers of the deal were Patrick Yannotta, James Nelson, Brandon Polakoff, and Robert (Bob) Knakal

Located at 53-55 1st Avenue in Manhattan, this mixed-use property recently changed hands in a closed transaction. The property, spanning an area of 18,240 square feet, was sold for a price of $16,200,000, resulting in a price per square foot of $888. The transaction recorded a capitalization rate of 4.33%.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $16,200,000
  • Address: 53-55 1st Avenue
  • Market: Manhattan

The seller of the property was 53-55 First Avenue Realty, LLC, while the buyer was Anbau Enterprises. The transaction was facilitated by the brokerage firm Cushman and Wakefield, with James Nelson, Bob Knakal, Brandon Polakoff, and Patrick Yannotta representing the parties involved.

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Deals
  • Location
    18 1st Avenue, New York, NY 10009, USA18 1st Avenue, New York, NY 10009, USA
  • Area
    18,240 SF18,240 SF
  • Asset Type
    Mixed-useMixed-use
  • Parties
    4 Brokers, 2 Agencies4 Brokers, 2 Agencies

Agents

Robert (Bob) Knakal

Robert (Bob) Knakal

Deals51
Sold$2.4B

Patrick Yannotta

Patrick Yannotta

Deals2
Sold$28.8M

James Nelson

James Nelson

Deals66
Financed$1.4B

Agencies

JLL

JLL

Agency
Deals5591
Volume$332.6B

Avison Young

Avison Young

Agency
Deals808
Volume$17B

Deal Summary

IMAGE: 53-55 1st Avenue, Cushman and Wakefield’s James Nelson, Bob Knakal, Brandon Polakoff & Patrick Yannotta ADDRESS: 53-55 1st Avenue CITY: New York MARKET: Manhattan ASSET TYPE: Mixed-Use PRICE: $16,200,000 SF: 18,240 PPSF: $888/SF CAP RATE: 4.33% SELLER: 53-55 First Avenue Realty, LLC BUYER: Anbau Enterprises BROKER: Cushman and Wakefield’s James Nelson, Bob Knakal, Brandon […]

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53-55 1st Avenue

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