Premier Equities in contract to buy 18K retail, catty-corner from Bloomingdale’s

Premier Equities signed a contract this month to buy the 18,186-square-foot retail condominium from Centurion Real Estate Partners and Singapore-based Alpha Investment Partners at the newly built residential condominium building 200 East 59th Street, at the corner of Third Avenue. Premier made a deposit of $2 million toward the purchase, according to city records. The sale price was not disclosed. The property is catty-corner from Bloomingdale’s flagship store at 1000 Third Avenue.

The condo unit has 5,308 square feet on the ground floor, 6,329 square feet on the second floor and 6,549 square feet on the lower level.

The signatory for the sellers through the entity MIPA/59 Third Owner LLC was Robert Schlesinger, vice president at Centurion, while the signatory for the buyer, through the entity Premier 200 East 59th Street LLC, was Uzi Ben Abraham.

Premier, founded by Yaron Jacobi and Uzi Ben Abraham, owns dozens of retail properties in Manhattan.

Harry Macklowe of Macklowe Properties was the original developer of the 68-unit condo building, but sold his stake in the project to Alpha, The Real Deal reported in 2019. Centurion and Alpha obtained a $204 million condo inventory loan in 2020. The project has recorded 14 sales in the building totaling $34 million out of a total sellout of $323.8 million, according to a PincusCo analysis of condo sales.

The deal was disclosed in a memorandum of contract dated May 9 and recorded May 13.

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