News: Brokerage
Posted: April 5, 2016

Hakimian and Scharf of HPNY assist with $51 million sale of 2255 Broadway

Photo of Ivan Hakimian of HPNY, New York, NY Ivan Hakimian, HPNY

Manhattan, NY According to public records, a 3-story retail building with 90,000 buildable s/f traded in an off market deal for $51 million. 2255 Broadway is located on the southwest corner of West 81st St. The Upper West side building, which is currently a 20,000 s/f, three-story retail structure, can be developed into a residential tower with a retail at the base. Neighboring tenants are Starbucks, Verizon, Bank of America, famous eatery Zabar’s as well a slew of other national tenants. The seller of the property was 2255 Hold LLC and the buyer was 2255 Broadway LLC. Ivan Hakimian and Eli Scharf of HPNY were involved in the off-market deal. 

Hakimian and Scharf also recently also closed on a two-story retail property at 771 Washington St.in the Meatpacking district for $71 million.

Photo of three-story retail building located at 2255 Broadway in Manhattan, NY 2255 Broadway - Manhattan, NY
Tags: Brokerage
Print
Share
Reprint
Previous Story Next Story
READ ON THE GO
DIGITAL EDITIONS
Browse Now
Subscribe
Quick Hits
Investment Property Realty Group closes $2.9 million sale of 42 Richardson St.
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,