Natter and Fuchs of Collaborative Group arrange $13 million sale in Manhattan

September 17, 2019 - New York City
Andrew Natter,
Collaborative Group

 

Hal Fuchs,
Collaborative Group

 

1685-1687 1st Avenue - Manhattan, NY

Manhattan, NY Collaborative Group’s Andrew Natter and Hal Fuchs represented both the buyer and seller in the $13 million sale of 1685-1687 1st Ave. The six-story, mixed-use walkup has 40-ft. of frontage on 1st Ave., spans 16,889 s/f and includes two retail stores and 27 residential units.  

The buyer, Jared Pinchasick of Jam Real Estate Partners, plans to re-position the asset through high-end renovations and adding bedrooms as most of the residential units have the capacity to be up-converted due to good light and air and their box-like layouts. The seller was the Punnett family. 

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