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Brokerage
Posted: December 15, 2020
Natter and Fuchs of Collaborative Group broker $3.678 million sale
Manhattan, NY Andrew Natter and Harold Fuchs of the Collaborative Group completed the sale of a five-story walkup in the East Village.
The property sold for $3.678 million, which equates to $530 per s/f.
303 East 4th St. is a mixed-use building located in the East Village on the northeast corner of East 4th St. and Ave. C, and contains eight residential units and two stores–a deli and a barbershop. The property is zoned R7A, C2-5 and totals 6,929 s/f.
Meléndez Estate sold the property to Derek Greenbaum and Larry Zombek.
According to the Collaborative Group, the relatively low rents along with the fact that most of the units are free market made this an ideal value-add opportunity for the buyer.
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