News: Brokerage

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
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
A guide to finding the right NYC property management company - by Sanjay Gandhi

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
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.
Positive forecast for New York’s pro-housing push? - by Philip Butler

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing