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RKF Arranges $6 Million Sale of 5,697-SF Mixed-use Building in the Lower East Side

09.05.17

330 Grand Street to Be Replaced by 11,900-SF Structure of Modular Steel Residential Units

NEW YORK – RKF, the country’s leading independent real estate firm specializing in retail leasing, investment sales and consulting services, announced today that it has arranged the $6 million sale of a 5,697-square-foot mixed-use building at 330 Grand Street on the Lower East Side of Manhattan. The building will be replaced by a new structure of 11,900 square feet comprising modular steel residential condominium units. The transaction closed on July 13, 2017.

RKF Vice President Brian Segall and Associate George Martinecz represented the buyer, JTD Builders, while Vice Chairman Jeff Fishman and Associate Andrew Jacobs represented the seller, a private investor.

Located on the North block between Orchard and Ludlow Streets, 330 Grand Street will be developed as a mixed-use property.

“330 Grand Street is situated on a vibrant block on the historic Lower East Side, between Allen and Essex Streets and near the Williamsburg Bridge,” noted Segall. “The area is undergoing a dramatic transformation, spurred by the influx of many young, affluent New Yorkers who enjoy the benefits of the eclectic neighborhood – from its burgeoning nightlife to its high-end boutiques and residences. The new building will be an exciting addition to the area, bringing in innovative design and raising the stakes for other developers wanting to make an impression.”

About RKF

The leading independent real estate firm in North America specializing in retail leasing, investment sales and consulting services, RKF serves a broad spectrum of domestic and global clients in services ranging from national tenant and owner representation to advisory, consulting and dispositions. With approximately $30 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities throughout the United States for leading American and international chains, retailers, developers and institutional clients. RKF is headquartered in New York with offices in Chicago, Las Vegas, Los Angeles, Miami, Northern New Jersey, San Francisco, Tokyo and Toronto. RKF operates in Canada as RKF Group Canada Realty, a retail brokerage.

RKF’s New York City office is located at 521 Fifth Avenue, Floor 7, New York, NY 10175. T: 212.599.3700. www.rkf.com

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