Abudi and Suissa of GFI represent seller in $60m sale of three Manhattan buildings

According to GFI Realty Services, the sale of 210, 220, and 230 West 107th St. has been completed for $60 million. GFI's Roni Abudi, managing director, and Dan Suissa, senior broker, represented Rubin Pikus of Millbrook Properties, the seller of the property. These six-story buildings, totaling 153,786 s/f, were purchased with an additional 79,048 s/f of air rights. "These are three magnificent pre-war elevator buildings," said Abudi. "There are 183 residential units in total and Millbrook just invested over $1 million in major capital improvements. GFI completed the transaction in just a matter of months." "Currently, the average rent of these buildings is $1,282," said Suissa. "This presents the buyer with tremendous upside potential on the approximately 50 renovated free market rental units. There is also potential for future condominium conversions." The buildings are located off Broadway, one block from the subway. GFI's divisions include commercial real estate sales, commercial real estate finance, property management, mortgage banking, insurance services and real estate development.