Apartment building sold in all-cash transaction.Eastern Consolidated Properties, Inc. announced the sale of 115-119 East 92nd Street, a nine-story plus penthouse penthouse Enclosed area on top of a building. A penthouse can be an apartment on the roof or top floor of a building or a structure on the roof housing the top of an elevator shaft, air-conditioning equipment, or stairs leading to the roof. prewar pre·war adj. Existing or occurring before a war. prewar Adjective relating to the period before a war, esp. before World War I or II Adj. 1. apartment building with 100 feet of frontage just off Park Avenue in the exclusive Carnegie Carnegie (kärnĕg`ē, kär`nəgē), borough (1990 pop. 9,278), Allegheny co., SW Pa., an industrial suburb of Pittsburgh; inc. 1894. A steel town, it has coal mines and plants that make chemicals and electrical equipment. Hill section of Manhattan Manhattan, indigenous people of North America Manhattan (mănhăt`ən), indigenous people of North America of the Algonquian-Wakashan linguistic stock (see Native American languages). . Brian Ezratty, senior vice president of Eastern, represented both the seller and the purchaser. The property was owned by Tobias Heller for more than 40 years and, in the height of the market, he had turned down offers of more than $8 million. At the age of 92, Heller decided to sell. Numerous deals with overseas buyers to purchase 115-119 East 92nd Street fell apart over the past 10 months among them, a deal with an Italian group at $4.7 million and an Israeli group at $4.3 million. After the sale of the Hermitage Hermitage, museum, St. Petersburg, Russia Hermitage (ĕr'mētäzh`), museum in St. Petersburg, Russia, one of the world's foremost houses of art. It was reconstructed in the neoclassical style in the 19th cent. , an 11-story building with 62 apartments located at 330 East 43rd Street for $4.3 million, 115-119 East 92nd Street appeared to be a bargain. Ezratty sold the property to an investment client of the firm for $4.25 million all cash. The building has been maintained in immaculate condition and includes 57-apartments, three professional suites, and many large five room apartments. The new owners plan to maintain the property as a rental building. |
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