Jacobov, Paneth and Babo of GFI sell 15,506 s/f building for $9.45 million

GFI Realty Services, Inc. has completed the sale of 750 10th Ave., an early 1900s mixed-use walk-up, corner apartment building. The Midtown West property sold for $9.45 million. The five-story walk-up consists of 20 apartments and four stores totaling 15,506 s/f. Barak Jacobov, a sales associate at GFI, and Shulem Paneth, an associate broker at GFI, represented the seller Ohad Babo, a sales associate at GFI, represented the buyer, a local investor. "The N.Y.C. real estate market is heating up and the seller felt this was the right time to strike and put the property on the market," said Jacobov. "He was very satisfied with the competitive price point for which his property was traded." "The potential of the Midtown West area excites the buyer," said Babo. "He is looking forward to the long term ownership of this property." 750 10th Ave. is located in close proximity to all of the major attractions of midtown Manhattan including Central Park West, the MOMA, Columbus Circle and Radio City Music Hall. About GFI Realty Services With over 28 years of experience, GFI Realty Services, Inc. combines an intimate knowledge of local markets within comparable 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 City, and is committed to surpassing client's needs and maintaining a thorough understanding of the latest market trends.