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Type:
Mixed Use
Units:
Property Description
IPRG was exclusively engaged to market a tenant-occupied building with a below-market rent, presenting a challenge in maximizing value for ownership. Through a targeted marketing process, we identified an owner-user who recognized the property’s long-term potential and was prepared to move quickly with an all-cash offer. We facilitated discussions with the existing tenant, ultimately coordinating a vacancy 15 days prior to closing. This strategy minimized lost rental income, provided a seamless transition for the buyer, and allowed us to deliver a quick, efficient closing while maximizing proceeds for the seller.
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Neighborhood:
Williamsburg
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Units:
3
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West Village, Manhattan, New York
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