JLL Negotiates $33.7M Sale of Manhattan Commercial Portfolio

NEW YORK CITY — JLL has negotiated the $33.7 million sale of a portfolio of three commercial properties in Manhattan’s Lenox Hill neighborhood. The building at 1026 Third Ave. comprises a ground-level restaurant, second-floor office space, one duplex and one residential loft. The two buildings at 1020-1024 Third Ave. total 19,375 square feet and consist of 25 residential units and three commercial spaces. Clint Olsen and Stephen Godnick of JLL represented the buyer, Kahen Properties, in the transaction. JLL also represented the seller in the $24 million disposition of 1020-1024 Third Avenue. Nick Judson of Judson CRE represented the seller of 1026 Third Avenue, which fetched a price of $9.7 million.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Walker & Dunlop

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