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Brokerage
Posted: March 19, 2010
Katz and Abudi of GFI Realty represent seller in $3 million sale of 100 Eighth Avenue
GFI Realty Services, Inc., completed the sale of 100 Eighth Ave. (262-264 West 15th St.) These two and three-story walk-up buildings, consisting of two stores and three apartment units, sold for $3 million. Yosef Katz and Roni Abudi of GFI represented the seller and Shawn Sadaghati of GFI represented the buyer.
"It did not take long to find the buyer for this fantastic retail location in Chelsea," said Katz. "Once we found a buyer who could see the intrinsic value in owning a prime Manhattan corner, the transaction moved forward with ease."
"We closed this deal within 45 days," said Sadaghati. "The seller provided financing, which definitely helped speed along the closing process in today's challenging real estate market."
The property is located on the corner of Eighth Ave. and West 15th St. and is 3,915 s/f. The new owner intends to upgrade the property in order to utilize the full upside potential and keep the property as a long-term investment.
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