Peña Negotiates $4,850,000 Mixed-Use

Agustin Pena, Director, represented the seller of this 5-story, 10k+ SF walk-up in Midtown West. The property contained 15 large residential units and one ground level retail space and maintains full occupancy. Agustin Peña represented the buyers in this transaction, who liked this deal because of the immediate upside in the free market rents. He noted that “The buyer could enter the building and increase rents without hesitation due to the majority of leases being fair market.”