Press Release brought to you by Cushman & Wakefield Capital Markets Group New York

Cushman & Wakefield Retained Exclusively to Sell Mixed-Use Loft Building near Union Square

01/30/2015

Cushman & Wakefield has been retained on an exclusive basis to sell a loft building at 9 East 16th Street, located between Fifth Avenue and Union Square West in the Ladies’ Mile Historic District of Manhattan.  The asking price is $30,000,000.

The seven-story elevator-serviced building contains approximately 30,680 square feet and sits on a 50’ x 92’ lot.  It consists of 15 huge loft units, of which 12 are fair market and three are rent stabilized, and one ground floor commercial unit currently occupied by a restaurant. 

Located just off of Union Square, the building is ideal for continued operation as a rental investment or suitable for an immediate condominium conversion.

The property is being marketed exclusively by Cushman & Wakefield’s John Ciraulo and Paul Smadbeck.

01/30/2015 - 10:52

Source

Cushman & Wakefield Capital Markets Group New York

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