Fishman, Butwin, Goldman and Jacobs of RKF close $8.7 million retail sale

RKF has arranged the $8.7 million sale of a 3,513 s/f retail condominium located at the base of 127 Seventh Ave. in the Chelsea district. A team of RKF Investment Sales & Advisory Services professionals that included president Jeffrey Fishman, senior analyst Jonathan Butwin, analyst Robert Goldman and associate Andrew Jacobs represented both the buyer, 127 Seventh Holdings, LLC, and the seller, 127 Seventh Avenue Associates, LLC. Located on the southeast corner of 18th St., the retail condominium at 127 Seventh Ave. occupies space at the base of the Yves condominium, a 14-story residential building clad in blue glass. The retail condominium, which consists of 2,063 s/f on the ground floor and 1,450 s/f on a lower level, is leased to CORE Marketing Group. "The Chelsea market continues to fuel strong demand from both buyers and sellers of retail condos, as this most recent transaction demonstrates," said Fishman. RKF also arranged the sale of this retail condominium in 2012 when the property last changed hands.