Search
 

Capin Brokers $27M Deal for Entire NYC Block Front

NEW YORK CITY-Manhattan-based Capin & Associates brokers a $27 million deal for two properties representing 250,000 sf of loft space.

By Barbara Jarvie | Updated on June 18, 2003

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.