Borgetto P.N.A. has recently acquired a mixed-use building located in the desirable Midtown neighborhood for $6.6 million. The property, which was built in 1920, boasts an ideal location between 5th and 6th Avenue and offers seven units spanning over 6,200 square feet. These units consist of two commercial spaces and four one-bedroom apartments.
In addition to its prime location and diverse unit mix, the property also includes unused air rights totaling at a generous 17,208 square feet. It holds a coveted Tax Class designation of Class A2.
The exclusive listing for this impressive property was held by Joe Koicim, Logan Markley,and Zan Colin of Marcus & Millichap who successfully marketed it on behalf of the seller while also securing the buyer.
This recent transaction highlights yet another successful sale within Midtown’s thriving real estate market with Borgetto P.N.A.’s acquisition valued at $7 million.
