SL Green to sell 1140 Sixth Ave.SL Green just sold 286 and 290 Madison Avenue Madison Avenue, celebrated street of Manhattan, borough of New York City. It runs from Madison Square (23d St.) to the Madison Bridge over the Harlem River (138th St.). In the 1940s and 50s, some of the major U.S. , but it's not done pruning smaller class B buildings from its portfolio. The Manhattan based REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). is now offering up the 21-story, 181,000 s/f 1140 Avenue of the Americas, a building it is marketing through CB Richard Ellis's Darcy Stacom and Bill Shanahan. 286 and 290 Madison Avenue, which REW n. 1. A row. first reported were up for sale in February, were sold to real estate investment firm APF APF, n the abbreviation for acidulated phosphate fluoride. Properties in recent weeks for $63 million. A Cushman & Wakefield team consisting of Richard Baxter, Jon Caplan, Ron Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. , and Scott Latham handled the sale. According to a statement issued by APF Properties, the firm just sold the air rights to the nine-story, 50,000 s/f building it owns at 1156 Avenue of the Americas for $14.9 million, proceeds it says it used as equity to acquire 286 and 290 Madison Avenue. The statement says that 286 Madison Avenue has 47,000 s/f of air rights the firm may potentially develop in the future. |
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