636 Sixth sells for $30M.Kenneth S. Aschendorf, of APF APF, n the abbreviation for acidulated phosphate fluoride. Properties LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , closed on the purchase of 636 Sixth Avenue last week for just under $30,000,000, representing a price of almost $400 p.s.f, for this six-story corner office building with excellent avenue retail. The building was sold by Eastern Consolidated Properties, Inc. after a 4-month exclusive marketing campaign. Eric Anton and Azita Aghravi procured the purchaser and Eric, Ronald Solarz and Brian Ezratty represented the seller. The sellers were Eli Gindi, Alex Adjmi and Ben Ashkenazy who had purchased the building for $21,500,000 in June of 2002. The seller and purchasers in that transaction were also represented by Ezratty and Eastern. Ken Aschendorf is a local investor who has purchased several office buildings in the West 40's and has done extremely well rehabilitating them and upgrading the retail spaces. He recently signed a lease in one of his properties with Wachovia Bank for a large retail branch on West 44th Street. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Anton, "Though there are many long-term office tenants in the building and the property cannot be converted to residential use for many years, Ken was able to pay a large price due to his expertise in repositioning repositioning Laparoscopic surgery The changing of a Pt's position during a procedure to improve access or visualization of the operative field, which may be linked to complications, as it changes anatomic planes of operation. Cf Laparoscopic surgery. commercial buildings such as this." Anton went on to say, "The ground floor and basement spaces at 636 Sixth Avenue could be substantially upgraded. A new tenant would then pay a premium to occupy this comer com·er n. 1. One that arrives or comes: free food for all comers. 2. One showing promise of attaining success: a political comer. Noun 1. , as it is one of the best in Chelsea." The retail spaces have very high ceiling heights as do the office floors with ceiling heights of 16 feet throughout the property. There has been a great deal of leasing and sales activity along the Sixth Avenue corridor, between 23rd and 30th Streets, which has become an extension of the Chelsea neighborhood during the past few years. In addition to having sold many of the ground-up development sites in the area, Eastern Consolidated Properties, Inc. is now marketing the building adjacent to 636 Sixth Avenue known as 650 Sixth Avenue. That property will most likely be converted to luxury residential condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. apartments above the retail space. The sellers of 636 Sixth Avenue were represented by David Kriss of Kriss and Feuerstein, LLP LLP - Lower Layer Protocol and the purchaser by Ed Klein of Klein & Solomon LLP. |
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