196 Orchard St. in Manhattan's Lower East Side
NEW YORK CITY—New York City REIT completed its acquisition of two retail condominiums and one commercial condominium at 196 Orchard St. The properties spanning the sub-level, ground level, second and third floors total approximately 60,297 square feet. The public non-listed REIT purchased the property from Magnum Management and Real Estate Equities Corp. for approximately $88.8 million.
New York City REIT's portfolio consists of mixed-use office buildings and retail condominium units in New York City.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
