NEW YORK CITY — Eastern Consolidated has arranged the sale of 17 East 47th Street in New York City for $18 million. The Center for Fiction — which has owned and operated out of the historic library since 1933 — sold the eight-story building to Sun Acre's LLC. Steven Zimmerman, associate director, Marion Jones, director, and David Schechtman, principal and executive managing director of Eastern Consolidated, represented the seller and procured the buyer. Designed by architect Henry Otis Chapman, the white marble structure features frontage along the north side of East 47th Street between Fifth and Madison avenues. The Center for Fiction signed a short-term, lease-back arrangement with the new owner to remain in the space as the nonprofit looks to purchase a new headquarters space. Brad Lavender of Haynes and Boone LLP was the attorney for the seller. Russell Guba was the attorney for the buyer.
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