Sep
27
Eastern Consolidated Arranges Sale of Manhattan Asset
ByThe building at 84 Bowery was purchased by a private investor.
84 Bowery, Manhattan, New York
New York—Eastern Consolidated, a full-service commercial real estate firm, has arranged the sale of a 6-story elevator office building for roughly $9.4 million. The 14,250 square-foot property with ground retail located at 84 Bowery in Manhattan is encumbered by a long-term master lease at a substantial below-market rent.
Peter Carillo, senior director & principal, and Adelaide Polsinelli, senior managing director & principal, both with Eastern Consolidated, marketed the property on behalf of the seller. Peter Carillo alongside Richard Shongut of Realty Corp. procured the buyer, an undisclosed private investor…
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