Connect with us

Hi, what are you looking for?

Jewish Business News

Real Estate

Cohen and Maxson Sell Lower Manhattan Properties for $73 Million

355-357 Broadway

Alan S. Cohen and Adam Maxson’s New York real estate firm ABS Partners has unloaded several lower Manhattan properties for $73 million. The firm had been shopping the location since last November. It had originally expected to get only $66 million for the site which the firm has owned for decades.

The two Tribeca buildings, 353 and 355-357 Broadway, are located between Leonard and Franklin streets. The family owned ABS also sold the air rights above the five story, narrow 359 Broadway, which it is keeping. That location has sentimental value for the firm as it was their first building.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

Today the development site is occupied by two rather ugly, two story, graffiti covered, square, brick commercial buildings. No Romance Galleries, Cafe Boca Ciega, and Gelsey Kirkland’s ballet school are all currently located there.

Known as the Pearl Arts buildings, they are situated on top of 10, 965 square feet of space and offers its new owners 132, 780 buildable square feet. They come with a 210 foot height limitation.

ABS Partners Real Estate is a premier New York based real estate services firm delivering landlord and tenant representation. Established by industry leaders with more than a century of collective experience, ABS is dedicated to building lasting real estate and professional partnerships.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.