Yaghoubi and Aziz of City Prime Realty complete $9.8 million sale of three-building apartment/retail package

Eli Yaghoubi, senior associate, and Jonathan Aziz, vice president of investment sales, at City Prime Realty, LLC have sold a three-building package located on the Lower East Side (72, 74, 104 Forsyth St.) for $9.8 million. The properties consist of 56 apartments and six stores. Yaghoubi said, "What drew the buyers to the property were the below market rents of $1,047/apartment and the low price per unit. In addition to the rent multiple of 11.3x, the area is quickly transforming into the place to live in downtown Manhattan. The fact that this was an off-market transaction also made it more desirable."

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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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