Itzhaki clocks up another SoHo sale.Itzhaki Properties announced the firm has sold a five story building at 425 Broadway for $7,600,000. Bart Zimmermann of Itzhaki Properties represented the buyer and seller in the sale of the building. The 12,500 s/f elevator elevator, in machinery elevator, in machinery, device for transporting people or goods from one level to another. The term is applied to the enclosed structures as well as the open platforms used to provide vertical transportation in buildings, large ships, loft building is located between Howard and Canal Streets Canal Street may refer to:
Zimmermann, vice president and senior group manager at Itzhaki Properties, said, "The buyer was drawn to the property due to the great upside potential Upside potential The amount by which analysts or investors expect the price of a security may increase. upside potential The potential price or gain that may be expected in a security or in a security average, generally stated as the dollar from the strong retail component." The building is in a prime location on the burgeoning retail corridor of Broadway in close proximity to Bloomingdale's department store, Banana Republic banana republic n. A small country that is economically dependent on a single export commodity, such as bananas, and is typically governed by a dictator or the armed forces. as well as several other major national retailers and The SoHo Grand Hotel. This is one of eight buildings that Itzhaki Properties has sold in SoHo this past year. |
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