Investor pays $32m for location, location, location.Itzhaki Properties' Ivan Ivan - A Diana-like language making up part of VHDL. ["VHDL - The Designer Environment", A. Gilman, IEEE Design & Test 3, (Apr 1986)]. Hakimian has quietly sold the landmarked office building where renown sex doctor, Dr Ruth, first began her practice. The five story building at 1024-1030 Lexington Avenue, on the comer com·er n. 1. One that arrives or comes: free food for all comers. 2. One showing promise of attaining success: a political comer. Noun 1. of 73rd and Lexington, sold for $32 million in an off market transaction. "The buyer bought the property for one reason--location, location, location," said Hakimian, the investment sales broker who has been building a name for himself as a procurer of quite, off market deals where both buyer and seller are looking to complete the paper work quickly. "The most affluent people in the city live in this area." Dubbed dub 1 tr.v. dubbed, dub·bing, dubs 1. To tap lightly on the shoulder by way of conferring knighthood. 2. To honor with a new title or description. 3. a hotel for doctors, 1024-1030 Lexington was once home to approximately 90 doctors who rented on monthly, weekly and even hourly rates. 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. Hakimian, Dr. Ruth got her start in the family-owned building, where only a handful of medical practitioners remain today. The building is 24,207 s/f with 100 ft of frontage on Lexington Avenue where five primarily antique antique. The term has been used collectively to designate classical Greek and Roman works of art, particularly sculptures; as an adjective to indicate an object, a period, or a style of ancient or early times; and as a noun, for objects of art, furniture, rugs, and jewelry jewelry, personal adornments worn for ornament or utility, to show rank or wealth, or to follow superstitious custom or fashion. The most universal forms of jewelry are the necklace, bracelet, ring, pin, and earring. stores are located. There are 20,000 s/f of air rights, although not all of them can be utilized because of the property's status as a landmark in a historic district. Although Hakimian was unable to offer details of the buyer due to a confidentiality clause, he did say the new owner was excited about the potential for the property, which he said was likely to be delivered vacant bar the retail tenants. "They are thinking about upgraded offices or conversion to residential, but primarily they wanted the location. It's a prime comer in a wealthy neighborhood." In the past few months, Hakimian has clocked up over $100 million in sales, each conducted in a similarly quiet manner that has enabled all parties to emerge winners, sometimes even unwittingly. In June, he sold a portfolio of five rental apartment buildings in Washington Heights and Inwood for $35 million, a discounted price that enabled the parties to provide Yeshiva University Yeshiva University, in New York City; mainly coeducational; begun 1886 as Yeshiva Eitz Chaim, a Jewish theological seminary, chartered 1928 as Rabbi Isaac Elchanan Theological Seminary and Yeshiva College; renamed 1945. with student and faculty housing. He also sold 172 Madison for $15.9 million a five-building Prince Street package for $18 million and two mixed-use SoHo buildings for $31 million. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion