Compass’ Adelaide Polsinelli Markets Retail Co-op in Flatiron District
Compass vice chairman Adelaide Polsinell has been hired to market a ground-floor, retail co-op property at the base of 15 E. 16th St. in Manhattan’s Flatiron District. The property is located midblock between Fifth Avenue and Union Square West, directly across the street from Union Square Park. An asking price wasn’t disclosed.
The opportunity consists of 3,700 square feet of ground-floor retail which is duplexed with an easily accessible mezzanine and a 2,000-square-foot lower level. The retail unit will be delivered vacant for a user.
“Having sold several retail properties in this area over the past decade, I can say without question that this location will, once again, be a strong long-term investment,” noted Polsinelli, “This is a testament to the street’s intrinsic value through all phases of the market cycle.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).