East Village Asset with “Tremendous Potential” Changes Hands
Cushman & Wakefield has arranged the sale of a 50’ wide development opportunity at 238-240 E. 3rd Street in the East Village. Craftwood Partners paid $12 million to acquire the property, a commercial building with offices, a meeting area and a large theatrical studio with 20’ ceiling heights
A Cushman & Wakefield team of Michael F. DeCheser, Patrick Dugan, Mei Ling Wong, Andrew Berry and Bryan Hurley represented the seller, Third Street Theater LLC. The building offers approximately 21,000 total buildable square feet.
“This property presents tremendous potential in its current configuration or as an ideal development opportunity,” said DeCheser. “Considering the uniqueness of the building and the neighborhood’s rapid transformation, the buyer will have countless options moving forward.”
For comments, questions or concerns, please contact Paul Bubny