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Hildreth Real Estate Advisors Acquires Mixed-Use Property In Manhattan For $4.45M

1068 2nd Avenue
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This Retail property located in NY was sold for $4,450,000 almost 2 years ago. The brokers of the deal were James Famularo and Ben Biberaj

Hildreth Real Estate Advisors (HREA) has acquired a fully FM property in Manhattan. The mixed-use asset, located at 1068 2nd Ave, was sold by Evans Cyprus for a total price of $4,450,000. The property spans across 4,584 square feet, resulting in a price per square foot of $970.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $4,450,000
  • Address: 1068 2nd Ave
  • Market: Manhattan

The deal was facilitated by HREA's representatives, David Shorenstein, Jason Breitstone, Max Padway, and Ethan Frank. HREA has expressed interest in further off-market transactions within Manhattan and encourages interested parties to reach out via email at [email protected].

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Deals
  • Location
    1068 2nd Avenue, New York City, New York 10022, United States1068 2nd Avenue, New York City, New York 10022, United States
  • Sale Price
    $4,450,000$4,450,000
    $719 PPSF$719 PPSF
  • Area
    6,184 SF6,184 SF
  • Asset Type
    RetailRetail
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Ben Biberaj

Ben Biberaj

Deals123
Sold$26.2M

Agency

Meridian Capital Group

Meridian Capital Group

Agency
Deals2414
Volume$65.9B

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Deal Summary

SALE IMAGE: David Shorenstein, Jason Breitstone, Max Padway & Ethan Frank DATE: 05/13/2022 ADDRESS: 1068 2nd Ave. MARKET: Manhattan ASSET TYPE: Mixed-use BUYER: Hildreth Real Estate Advisors (@HildrethAdvisors) - David Shorenstein (@Shoreshot1), Jason Breitstone (@Jabstone), Max Padway (@Max_Padway) & Ethan Frank (@Frankthetank_55) SELLER: Evans Cyprus SALE PRICE: $4,450,000 SF: 4,584 ~ PPSF: $970 NOTE: HREA acquired this fully FM property for $970 PSF ($307 BSF). HREA is actively seeking more off-market transactions in Manhattan. Please send new opportunities to [email protected]

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