Barbanel of GFI Realty Services sells 9,975 s/f building for $4.5 million

According to GFI Realty Services Inc., it has completed the sale of 279 Church St., a Tribeca loft building for $4.5 million. The building is a 9,975 s/f six-story elevator, built in 1910. Shane Barbanel, senior broker at GFI Realty Services, represented the buyer and the seller. "Regardless of the fact that this deal presented several challenges due to structuring and market conditions, both the buyer and seller are walking away winners" said Barbanel. " The new owner will do very well with this property." The building is located across from the Tribeca Grand Hotel and is in close proximity to the A, C, & E subway lines. City Hall, New York Law School, The New York Academy of art are to the south and Cambridge University and The Tribeca Community School Are to the North. This building is surrounded by culture and nightlife such as: The SoHo Rep. Theatre, Billy's Bakery, Churrascaria Tribeca, The Bubble Lounge, and Bread Tribeca to name a few. With over 28 years of experience, GFI Realty Services, Inc. combines an intimate knowledge of local markets with incomparable client service, to maximize the value of every commercial real estate transaction they are engaged in. GFI, one of the top brokers of commercial real estate in the Bronx and Brooklyn, is committed to surpassing client's needs and maintaining a thorough understanding of the latest market trends.