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Second Avenue building sold.

Second Avenue building sold

In an all cash transaction valued at $490,000, the building at 1152 Second Avenue has been sold, reports Robert A. Knakal, managing director, Massey Knakal Realty Services.

Located on the east side of Second Avenue between 60th and 61st Streets, the building is a 20-foot wide, four-story structure. It is built to the full depth of the lot on the first two floors and to a depth of 50 feet on the top two floors. The total building size was approximately 5,000 square feet.

The first two floors of the property were commercially zoned with rental apartments on the upper floors the street level store was vacant at the time of sale which created an opportunity for a retail user to purchase the building and occupy the store.

The purchaser of the property, Vincenzo Asta, plans on operating his family owned marble and fireplace company out of the ground floor. Given the concentration of decorators and designers in the neighborhood, the location should be ideal for Asta's business.
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Copyright 1992, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Manhattan
Publication:Real Estate Weekly
Article Type:Brief Article
Date:Feb 12, 1992
Words:174
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