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Site Sells for $5M, Deli To Open

NEW YORK CITY-The 25-foot wide property at 162 E. 33rd St. consists of seven one-bedroom apartments and ground floor retail space.

By Natalie Dolce | Updated on November 02, 2007

NEW YORK CITY-A 25-foot-wide mixed-use building in Murray Hill sold in an all-cash transaction valued at $5.2 million and will reopen next week as the new location for the Second Avenue Deli. A source close to the deal tells GlobeSt.com that they cannot disclose the buyer of the site, as it is “extremely confidential,” however they did reveal that the seller was William Guerrero.

The source explains that they cannot disclose the reasons for selling. They did note, however, that the transaction occurred at a capitalization rate of 6.3% and sold for $527.16 per sf.

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