[0] Eastern Consolidated Properties, Inc.Eastern Consolidated Properties, Inc. announced the sale of 30 W. 21 St. for a purchase price of $11.75 million. Eastern Consolidated's Scott Ellard, director of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , facilitated the transaction, representing the seller as well as procuring the purchaser. The building is situated in the Midtown mid·town n. A central portion of a city, between uptown and downtown. midtown Noun US & Canad the centre of a town South sub-district known as the Flatiron District. 30 West 21st Street contains a total of 61,500 SF as well as an approximately 1,500 SF adjacent vacant lot. The building is in good condition, as it has been continuously well-maintained. Additional renovations have been implemented by some of the current tenants. Twelve full-floor commercial tenants currently occupy this mid-block property that offers unusually good light and air. In addition, current leases are at significantly below-market rents and lease expirations are distributed over the next ten years, affording both long-term stability The long-term stability of an oscillator, the degree of uniformity of frequency over time, when the frequency is measured under identical environmental conditions, such as supply voltage, load, and temperature. and great near-term upside potential Upside potential The amount by which analysts or investors expect the price of a security may increase. upside potential The potential price or gain that may be expected in a security or in a security average, generally stated as the dollar to the new owner. |
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