Saffioti and Rabinowitsch of Eastern Consolidated retained as exclusive agents for 4,400 s/f Chinatown property

Eastern Consolidated, a leading investment sales brokerage firm, has been retained as the exclusive agent to market for sale a two-story, 4,400 s/f commercial building at 49 Market St. in the Chinatown neighborhood. The building is suitable for investors seeking in-place tenancy and income, but also retains 4,000 s/f of unused development rights. This gives the new owner the ability to redevelop the property to its full as-of-right building size of 8,300 s/f or to use it as a component for a future assemblage with adjacent properties. The property is currently leased to a single tenant, A-Graphic Printing Lin, Inc., through December 2017. "49 Market St. offers the best of both worlds - it is an income-generating property and provides opportunity for an as-of-right expansion and redevelopment," said Gabriel Saffioti, a director with Eastern Consolidated, who along with associate director Nicole Rabinowitsch, exclusively represents the seller, P. Zaccaro Co., Inc. The Zaccaro Family is the third generation Owner Operator in New York City. "This asset offers amazing opportunities for any buyer, is a short distance from the FDR Drive, and is easily accessible by the F and J subway lines."