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New York & Tri-State  + Uptown/Bronx  + Retail  | 
Wankel's Hardware 1571-1573 Third Avenue Manhattan

CushWake Markets Upper East Side Retail Mainstay

Cushman & Wakefield has been hired to arrange he sale of 1571-1573 Third Ave., two contiguous mixed-use buildings and home to Wankel’s Hardware Store. The firm’s Brett Weisblum and Will Conrad will lead marketing efforts on behalf of the seller. An asking price wasn’t disclosed. 

“This asset, specifically Wankel’s Hardware Store, has been an Upper East Side staple and fixture since 1896,” said Weisblum. “Wankel’s has been in operation and in the same family for more than 125 years. This is the first time the asset is being offered for sale and makes way for new possibilities for the current and future owner.” 

Situated on the east side of Third Avenue between East 88th and 89th streets, 1571-1573 Third  spans 17,560 square feet. The buildings are currently configured as 20 residential apartments above an interconnected retail store, Wankel’s, that spans both buildings. 

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Cushman & Wakefield's Weisblum

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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).

  • ◦Sale/Acquisition
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