HFF is tapped to handle Chalme's Third Ave. sale.The New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of office of HFF HFF Hochschule für Fernsehen und Film München (Germany) HFF Heartland Film Festival HFF Hardy Fern Foundation HFF Half Forward Flank (football position) HFF Horizontal Flute Factor (Holliday Fenoglio Fowler, L.P.) has been exclusively retained by Broad Street Development to handle the sale of 1430 Third Avenue, a 21-unit, six-story, mixed-use building on Manhattan's Upper East Side. Senior managing director Joe Morningstar and managing director Andrew Scandalios will lead the HFF team on behalf of the seller, an investor group led by Raymond Chalme. The asking price is undisclosed. 1430 Third Avenue is located at the northwest comer of 81st Street, four blocks from Central Park a. Recently acquired by Broad Street Development along with 1438 Third Avenue, the property features three retail spaces totaling 7,604s/f, which are fully-leased to Jennifer Convertibles Jennifer Convertibles Inc. ((AMEX:JEN)) is the owner and licensor of sofabed specialty retail stores and leather specialty retail stores in the United States, with stores located throughout the Eastern seaboard, in the Midwest, on the West Coast and in the Southwest. , Liberty Travel Inc. and 38 Gold. The building also offers 21 rentals units, from one- to four-bedrooms. "The Jennifer and Liberty spaces' near-term rollover A graphic element in an application or on a Web page that changes its color or shape when the pointer is moved (rolled) over it. See JavaScript rollover. See also n-key rollover. and under market rental rates present a significant value-add opportunity in a coveted cov·et v. cov·et·ed, cov·et·ing, cov·ets v.tr. 1. To feel blameworthy desire for (that which is another's). See Synonyms at envy. 2. To wish for longingly. See Synonyms at desire. retail corner location," said Scandalios. "This is a tremendous opportunity for an investor to acquire outstanding retail comer and residential upside in Manhattan's desirable Upper East Side." "While this is a significant opportunity for any investor, the sale will allow Broad Street Development to focus more of our resources on adding value through numerous capital improvement projects to 1438 Third Avenue--an underutilized asset in one of the City's most sought-after residential neighborhoods," said Chalme. Broad Street Development is an investor group led by Chalme and Daniel M. Blanco Blanco (meaning the color white in Spanish) is an adjective often used in Spanish surnames. Below is a list of famous people and places associated with the word. . |
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