New York, NY Michael Ferrara, managing principal of Manhattan based Investment Sales brokerage firm, Brax Realty, announced the sale of a vacant retail building in the Upper East Side.
The property, 1770 2nd Ave., located between East 92nd St. and East 93rd St. sold for $4.6 Million in an all cash transaction. Ferrara represented both the buyer, a private investor and the seller, a long term family ownership. The property was delivered 100% vacant at closing and consisted of +/- 5,000 s/f plus a full basement. There were no additional air rights available, as they were sold off many years ago.