Salmon & Marshall completes $5.9 million sale of 28-unit apartment building

A 28-unit, 16,212- s/f apartment building with two commercial units, located at 142 Sullivan St. has traded for $5.9 million. Salmon & Marshall partners Kevin Salmon and Matthew Marshall represented the long-term owner and also procured the buyers Jordan Vogel and Aaron Feldman of Benchmark Real Estate Group, LLC. "This was a great opportunity for Benchmark to acquire such an asset at this time as opposed to 15 months ago when the cap rate would have been close to 3.5% and possibly 15 times the rent roll," said Salmon. "Now that the market is correcting itself, they were able to acquire this property that offers tremendous upside at a real 6 CAP - a multiple of 10 times." The subject property is located within one block of West Houston St. and is in close proximity to Washington Sq. Park.

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Meridian Capital Group arranges 10-year retail lease for Mess at 236 West 10th St.

Manhattan, NY According to Meridian Capital Group, Jordan Langer, Noam Aziz and Carson Shahrabani of the firm’s retail leasing team have arranged a five-year lease at 236 West 10^thSt. in Greenwich Village

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The Feil Organization signs 15-year, 46,000 s/f renewal with Thompson Coburn LLP at 488 Madison Ave.

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Cushman & Wakefield arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma, LLP

C&W arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma

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