East Village Retail Condo – Commercial Property Acquisition
Hirshmark Capital is proud to announce the purchase of a first floor retail condominium located in the East Village. The condo, consists of three contiguous retail spaces totaling 2,371 SF on the ground and 1,622 SF on the lower level. The property contains 49′ of frontage on First Avenue, along with 70′ of frontage on East 5th. The purchase was sourced off-market by Hirshmark Capital’s Jake Soodek. Hirshmark Capital closed on the purchase at a capitalization rate well below 3%.