Multi-family properties sold.Wavecrest Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Associates, Inc. announced that they have sold two parcels in Manhattan Manhattan, indigenous people of North America Manhattan (mănhăt`ən), indigenous people of North America of the Algonquian-Wakashan linguistic stock (see Native American languages). with a total of 105 units and two stores. The first property, a six-story 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, apartment building with 54 apartments and two stores on Seventh Avenue in the West 130's, carried a total annual rent roll of $300,000. The property was sold to an investment client of the firm for a price of $850,000, all cash. Ciaran Swift, sales manager sales manager n → gerente m/f de ventas sales manager n → directeur commercial sales manager sale n → of Wavecrest, represented both the buyer and the seller in this transaction. The second property, a package of three five-story walkup walk·up also walk-up n. 1. An apartment house or office building with no elevator. 2. An apartment or office in a building with no elevator. apartment buildings with 51 units in the West 170's of Washington Heights, was purchased by an investment group headed by the principals of Wavecrest Realty Associates, Inc., then sold to an investment client. Besen, Fuchs & Associates represented the seller and Taylor Co. represented the purchaser. Frank Chiarello, president of Wavecrest Realty Associates, Inc., indicated that, in addition to these sa)es, Wavecrest Management Tem, Ltd., was recently appointed exclusive managing agent of eight buildings, containing 400 plus units widi a combined rent of over $2 million per year. |
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