Recent Commercial Real Estate Transactions: $7.8 Million 84 Second Avenue, Manhattan

 

RECENT SALE

 

$7.8 MILLION

84 Second Avenue (between East Fourth and Fifth Streets)

 

Manhattan

A local private investor has bought this vacant four-and-a-half-story mixed-use walk-up in the East Village/Lower East Side Historic District. The 4,812-square-foot building, to be gutted and renovated, was once the site of Sopolsky’s Dress Suits, which rented dinner jackets and tuxedos, and in the mid-19th century served as a temporary home for women. Any development of air rights, totaling 4,788 square feet, is subject to approval by the city’s Landmarks Preservation Commission.

 

Buyer: 84 2nd Avenue Owner L.L.C.

Seller: West 26th Street L.L.C.

Brokers: Ron Cohen, Amit Doshi, Shallini Mehra and Shlomo Gelernter, Besen & Associates

 

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