Retail strip in Village highlight of Dec. auction.A prime retail blockfront in Greenwich Village Greenwich Village (grĕn`ĭch), residential district of lower Manhattan, New York City, extending S from 14th St. to Houston St. and W from Washington Square to the Hudson River. is among the properties that have attracted the most buyer interest in a national real estate auction of $750 million of FDIC-held properties scheduled for Dec. 1 & 2. The 67,000 square-foot retail condominium, with 36 stores fronting on East 8th Street, Broadway and University Place in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , is one of the 270 properties across the country being auctioned by the Grubb & Ellis/Ross-Dove Company Auction Partnership in the largest commercial real estate auction ever held in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Located in the strong retail market of Greenwich Village that attracts shoppers, tourists and students throughout the day and evening, the property "presents a once in a lifetime opportunity to control and entire retail block in Manhattan," according to Vincent Carrega, senior vice president and Norman Livingston, vice president of James Felt Realty Services, a Grubb & Ellis company. The retail property is a commercial condominium located on the street level of three luxury apartment buildings that occupy the entire city block bounded by East Eighth and Ninth Streets, Broadway and University place, it is estimated that the auction price will range between $14,420,000 and $22,660,000. Current tenants include Gristedes, Lamstons, Lechters and a Strawberry's clothing store according to Carrega and Livingston, the property agents for Grubb & Ellis. The 270 FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). properties to be auctioned on Dec. 1 & 2, include office buildings, shopping centers, hotels, industrial facilities, mixed and special use buildings. Among the other FDIC properties in the New York metropolitan area New York–Northern New Jersey–Long Island is the most populous metropolitan area in the United States and the third most populous in the world, after Tokyo and Mexico City. included in the auction, and being handled by James Felt Realty Services, 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 real estate investment brokerage division of Grubb & Ellis, are: * The Marriott Hotel in Stamford, Connecticut, a 21-store, 507 room hotel located directly off I-95 in the center of the Stamford business district. * The Cross Roads, a 66,000 square-foot four-story office building in Elmsford, New York Elmsford is a village in Westchester County, New York, United States. The population was 4,676 at the 2000 census. As a village, it is located in the Town of Greenburgh. The village is named after a large elm tree that once grew in the community. . * The Le Parc Apartments, a 100-unit apartment building in Staten Island, and * The Farmington Inn, a 72-unit hotel property located in Farmington, Connecticut, a suburb of Hartford. The auction will be conducted in Dallas, Texas, with satellite hook-ups to subsidiary locations in Boston, Miami and Los Angeles. The FDIC will offer seller financing Seller financing Funding a purchase by a seller's loan to the buyer, the buyer takes full title to the property when the loan is fully repaid. to qualified buyers. For further information on the FDIC auction properties contact James Felt Realty Services, 55 East 59th Street, |
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