HUBB NYC pays $17M to Rose Associates for retail condo in Garment District

September 12, 2019 6:24 am

HUBB NYC through the entity 189 Madison Ave Retail LLC paid Rose Associates’s Goodhue House LLC $16.8 million for 1 parcel, including the tax class commercial condominium unit (R5) at 20 East 35th Street in Garment District. The deal closed on September 6, 2019 and was recorded on September 11, 2019.
The average sale price per square foot is $932.
The estimated cap rate is 5.7%

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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