NEW YORK, NY Ty Gallishaw of Highcap Group has been appointed as the exclusive agent to sell the 100% fee interest in 217-219-221 Madison St. The property is a three building package with 60 apartments and 5 stores, located in the Two Bridges section of the Lower East Side. The buildings consist of approximately 31,000 s/f with 78’ of frontage and a mix of two and three bedroom apartments. This is the first sale in over 20 years and is a great opportunity for an investor to acquire a unique asset in one of the busiest neighborhoods of downtown Manhattan with below market rents and considerable upside.
Gallishaw said, "The property is ideally located just one block from the F train and is near One Manhattan Square, an 800’ tall modern glass condominium tower on the waterfront."