Partners pay $61m for tower.The Mount Sinai Sinai (sī`nī), triangular peninsula, c.23,000 sq mi (59,570 sq km), NE Egypt. It is c.230 mi (370 km) long and 150 mi (240 km) wide and extends north into a broad isthmus linking Africa and Asia. Medical Center has sold a 17-story residential apartment building located at 1200 Fifth Avenue for $61-million. The buyer is a joint venture partnership between Joseph Nakash, Joseph Chetrit, Lloyd Goldman and Mann 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. . CB Richard Ellis' Darcy Stacom Bill Shanahan, and Paul Leibowitz negotiated the multi-faceted deal on behalf of seller. Sale of the property followed an extensive evaluation of various financing options to determine immediate and long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. value creation opportunities for the Medical Center. "1200 Fifth Avenue is a classic pre-war apartment house that is located in one of the City's most burgeoning residential neighborhoods and we entertained en·ter·tain v. en·ter·tained, en·ter·tain·ing, en·ter·tains v.tr. 1. To hold the attention of with something amusing or diverting. See Synonyms at amuse. 2. interest from a wide variety of interested investors," said Mr. Leibowitz. Located on the Upper East Side at 101st Street, 1200 Fifth Avenue is a 106-thousand square-foot residential building with 59 sizable siz·a·ble also size·a·ble adj. Of considerable size; fairly large. siz  a·ble·ness n. apartment units. One half of the property is occupied by long term rent-control and rent-stabilized tenants.
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