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Carlton closes on 150 Nassau; 23-story building near City Hall.


Carlton Carl·ton   , Steven Norman Known as "Steve." Born 1944.

American baseball player. As a left-handed pitcher with the Philadelphia Phillies (1972-1985), he became the first pitcher to win four Cy Young Awards (1972, 1977, 1980, and 1982).
 Advisory Services advisory services

advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal
, Inc. recently closed a $46.3 million transaction on the sale of 150 Nassau St., a 200,000-square-foot, 23-story office building located in Manhattan's City Hall/ Insurance District, which is mostly vacant.

Acting as the exclusive sales agent on behalf of an entity controlled by Jack Lefkowitz, Carlton sold this beautiful, landmarked property to an entity controlled by Yitzhak Tessler. Tessler is presently exploring a va6ety of alternative uses for the property including a 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.
, hotel or office redevelopment, 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.
 Howard L. Michaels, Chairman of Carlton.

The property enjoys an excellent location across from City Hall, City Hall Park and the entire municipal, state and federal court complex, while featuring spectacular views of Midtown mid·town  
n.
A central portion of a city, between uptown and downtown.


midtown
Noun

US & Canad the centre of a town
 Downtown and the East River. In addition, the building has excellent light and air on three sides.

While Carlton acted as the exclusive Wes agent far the owner, it also procured the acquisition financing on an exclusive basis for the purchasers Carlton Advisory Services, Inc. is a national real estate advisory firm prominent in debt and equity placement, investment sales, and commercial and residential loan sales.
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Article Details
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jun 14, 2000
Words:184
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