Sherman of Baseline RE completes $10.3 million sale

New York, NY Michael Sherman, founder of Baseline Real Estate Advisors has completed the sale of 111 E 38th St. The building sold for $10.3 million. The 15,035 s/f elevator building contained 20 apartments and was 40 feet wide.

The sale price equates to $515,000 per unit and $685 per s/ff. Sherman and Josh Geller of YLG Realty were the sole brokers on the transaction.

“We were pleased to find a purchaser who was looking to add to their portfolio in one of the most sought-after neighborhoods in Manhattan. This was a rare opportunity to purchase a mostly vacant 40 foot wide elevator building” said Michael Sherman.

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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

Houlihan Lawrence Commercial sells residential development site for $2.1 million

Houlihan Lawrence sells development site for $2.1m

GFP Real Estate signs Knit Illustrated to 4,051 s/f five-year lease at 247 West 37th St.

GFP R.E. signs Knit Illustrated to 4,051 s/f at 247 West 37th St.

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

Feil signs 46,000 s/f renewal with Thompson Coburn at 488 Madison Ave.

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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