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New York & Tri-State  + Midtown New York  + Retail  | 
Resolution Real Estate arranged the sale of a retail condominium at 250 E. 49th St. in Midtown Manhattan

Resolution Real Estate Closes Sale of Midtown Retail Condo

Resolution Real Estate Partners LLC, a member of NAI Global, has arranged the sale of a partially occupied 8,356-square-foot, second-floor retail condominium space at 250 E. 49th St. for $5,547,060.  

Representing the owner, Luvinlil Realty Associates, were Resolution’s Jonata Dayan and Brett Weis. The offering was conducted on the Ten-X auction platform and the purchaser, East 49th Street Associates, LLC, was the highest bidder. 

“This was a challenging sale on multiple levels, not the least because an existing, long-term tenant occupies a substantial portion of the overall footprint,” said Dayan. “Working with the Ten-X platform turned out to be an excellent solution that benefited both parties. Although the property sold quickly and exceeded the reserve sales price, it was slightly below the average market rate.” 

In addition to overseeing the sale, Dayan and Weiss are responsible for leasing the vacant portion of the condominium space, comprising 5,198 square feet

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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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