Printer Friendly
The Free Library
22,741,889 articles and books

Clarett sells retail condo for $18.6m.



Sonnenblick-Goldman, acting on behalf of Clarett Capital LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, has arranged the $18.6 million sale of the retail 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.
 at 2770 Broadway, the 22-story, 64-unit luxury condominium recently completed at the southeast corner of West 107th Street. The price represented a 5% cap rate.

The buyer was a private group based in Atlanta, Georgia. "Having leased the 7,500 s/f of ground floor space to the Bank of America
See also:  and


Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world.
 and Lenscrafters, we believed it was the right time to sell the retail condominium," says Dan Hollander, managing director of Clarett Capital, a joint venture between Clarett Group and Prudential Real Estate Investors A real estate investor is someone who actively or passively invests in real estate. An active investor may buy a property, make repairs and/or improvements to the property, and sell it later for a profit. . "The buyer was attracted to the tenancy, the financing available and the quality of the neighborhood," says S-G's Steven A. Kohn.
COPYRIGHT 2005 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Clarett Capital L.L.C.
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Aug 17, 2005
Words:124
Previous Article:M&M dips its toes south of the border in $42m deal.
Next Article:Chase ends space search at 230 Park.
Topics:



Related Articles
Commercial financing 'never been easier'.
Site fetches $16m.
Site fetches $16m.
Warren Fink named CFO at Clarret Group.
Meridian arranges loan for retail/office building.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters