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Capital National Bank Bldg. sold.

Lee Odell Real Estate, Inc. sells the Capital National Bank building at 4179 Broadway.

Lee Odell Real Estate, Inc. announces the sale of the Capital National Bank building at West 177th Street and Broadway. This one-story, 9,000-square-foot commercial building was occupied by the Capital National Bank until July 1990 when it was taken over by the FDIC.

Alan Miller of Lee Odell Real Estate, Inc. represented the FDIC and Joe Rosales also of Lee Odell Real Estate, Inc. represented the buyer in this transaction.

The property which features 90 feet of frontage on Broadway, was purchased in 1983 by Capital National Bank for $560,000. The new sales price of $1.81 million, in an all cash transaction, was above the expectations of FDIC.
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Copyright 1992, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:building at 4179 Broadway, New York, New York
Publication:Real Estate Weekly
Date:Jul 22, 1992
Words:125
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