Capin Brokers $27M Deal for Entire NYC Block Front

NEW YORK CITY-Capin & Associates, a New York-based full-service real estate firm brokered a $27 million deal comprising an entire block front of prime loft property in Midtown Manhattan. This marks the third transaction Capin has closed in two weeks, totaling more than $36 million in sales.

The transaction involved two buildings, 645 and 659 11th Avenue, between West 47th and 48th streets. Together, the two properties represent 250,000 sf of loft space, delivered vacant upon closing.

“We were able to leverage our longstanding relationships with parties on both sides of the transaction to achieve maximum return on this investment,” says M. Luca Capin, president of Capin & Associates.