Transaction amount: $68,000,000
David E. Ash arranged the acquisition of a non-controlling 49.5% interest in a 55,565-square-foot retail condominium at 510 Sixth Avenue, valued at just under $68 million. As the sole representative David worked to represent both the buyer and seller on the sale, comprising Ark Partners, holder of interest, and Madison International Realty, the purchasing entity. Located on the highly trafficked corridor between 13th and 14th Streets, 510 Sixth Avenue is at the cusp of the West Village and Chelsea, and close to the High Line and Union Square. In addition, it is part of an academic hub near such neighboring institutions as New School, Cardoza School of Law, Parsons and Pratt Manhattan. Current tenants at the property include Urban Outfitters, Chipotle, and LensCrafters.
Corner Retail Condo
510-526 Avenue Of The Americas (aka: 65 West 13th Street) New York, NY 10011