New Par for the Course? Two Sixth Avenue Properties Could Fetch Impressive Pricing
The Real Deal Online reports: In a recent article that appeared on Crain’s, Real Capital Analytics’ managing director, Dan Fasulo, weighed in on the recently-offered 636 Sixth Avenue in Manhattan. According to Mr Fasulo, “the estimated Flatiron District building could get anywhere from $400 a square foot to $500 a square foot, for a price of around $32 million to $41 million.”
The article, which was reproduced on the Real Deal Online, was actually a feature on CB Richard Ellis-vice chairman Darcy Stacom, who is coordinating the sale of 636 Sixth Avenue as well as a pricy asset a few doors up at 1330 Sixth Avenue. According to Mr Fasulo, this asset could be sold by its current owners – a Canadian-government owned pension fund – for between $500-600 per-square-foot. Ms Stacom, who beat out other brokers to market the properties, has facilitated several of the largest transactions in 2010 – including 600 Lexington Avenue and 125 Park Avenue.
View the full article on The Real Deal Online: New Par for the Course? Two Sixth Avenue Properties Could Fetch Impressive Pricing
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Posted by: Nina Turner