(Read more on the multifamily market.)
NEW YORK CITY-Four buildings that occupy the southwest corner of Second Avenue and East 71st Street, on Manhattan's Upper East Side, are up for sale for what a source close to the deal tells GlobeSt.com could fetch in the mid-$20-million range. The contiguous five-story walk-up buildings are located at 1343-1347 Second Ave. and 242 E. 71st St. and contain 50 residential units and eight commercial stores, five of which are situated on Second Avenue.
The seller, the Estate of Dr. Manuel Stapen, had owned and operated the properties for the past 25 years. Locally based Eastern Consolidated's vice chairman Brian Ezratty, senior director Deborah Gutoff and director Martin Ezratty, are marketing the sale.
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