{"id":1004209778,"date":"2018-03-09T08:23:41","date_gmt":"2018-03-09T16:23:41","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004209778"},"modified":"2022-12-07T07:39:11","modified_gmt":"2022-12-07T15:39:11","slug":"cw-arranges-sale-of-manhattan-mixed-use-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cw-arranges-sale-of-manhattan-mixed-use-building\/","title":{"rendered":"C&amp;W Arranges Sale of Manhattan Mixed-Use Building"},"content":{"rendered":"<p>By Laura Calugar<\/p>\n<div id=\"attachment_1004209781\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/manhattan.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004209781\" data-attachment-id=\"1004209781\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cw-arranges-sale-of-manhattan-mixed-use-building\/manhattan\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/manhattan.jpg\" data-orig-size=\"1121,841\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Laura Calugar&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1520607709&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"manhattan\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/manhattan.jpg?w=1024\" class=\"wp-image-1004209781 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/manhattan.jpg\" alt=\"The property located at 217 E. 3rd St. in Manhattan, New York  \" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/manhattan.jpg 1121w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/manhattan.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/manhattan.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/manhattan.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004209781\" class=\"wp-caption-text\">The property located at 217 E. 3rd St. in Manhattan, New York<\/p><\/div>\n<p>Cushman &amp; Wakefield has facilitated the sale of a four-story, mixed-use building located at 217 E. 3rd St., in Manhattan\u2019s East Village neighborhood. The estate of Michael Mendez sold the asset for $5.1 million. In January, the commercial real estate services firm orchestrated the disposition of two other <a href=\"https:\/\/www.commercialsearch.com\/news\/cw-arranges-sale-of-2-mixed-use-manhattan-assets\/\">mixed-use properties in Manhattan<\/a>\u201418 E. 23rd St. and 224 Fifth Ave.<\/p>\n<p>Situated on the north side of East Third Street, 217 E. 3rd St. is between avenues B and C. Easily accessible via the F, J, M and Z subway lines and multiple bus stops, the property is in close proximity to several retail, dining and nightlife options. The asset consists of a vacant restaurant on the ground floor, three free-market floor-through apartments and a basement that houses the mechanicals and storage area. The property is approximately 4,160 square feet above grade, not including a one-story structure located at the rear of the building and separated by a courtyard area. Some 4,700 square feet of remaining air rights are available.<\/p>\n<p><em>\u201cThe buyer obtained a rare opportunity to acquire a building in the East Village that can be rented up quickly, but also developed to its full potential down the road. There was a lot of competition for this estate sale with over 30 offers,\u201d<\/em> said Senior Managing Director Michael DeCheser, in prepared remarks. DeCheser\u00a0worked on behalf of the seller in this transaction.<\/p>\n<p><em>Image via Google Street View <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The four-story asset located at 217 E. Third St., in the East Village, changed hands for $5.1 million. The estate of Michael Mendez was the seller in this transaction.  <\/p>\n","protected":false},"author":238,"featured_media":1004209781,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21752,1600,21742,10],"tags":[32799],"class_list":["post-1004209778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-mixed-use","category-new-york","category-latest","category-northeast","tag-cushman-wakefield"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>C&amp;W Arranges Sale of Manhattan Mixed-Use Building - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cw-arranges-sale-of-manhattan-mixed-use-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"C&amp;W Arranges Sale of Manhattan Mixed-Use Building\" \/>\n<meta property=\"og:description\" content=\"The four-story asset located at 217 E. Third St., in the East Village, changed hands for $5.1 million. The estate of Michael Mendez was the seller in this transaction.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cw-arranges-sale-of-manhattan-mixed-use-building\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-09T16:23:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T15:39:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/manhattan.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1121\" \/>\n\t<meta property=\"og:image:height\" content=\"841\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Laura Valean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cw-arranges-sale-of-manhattan-mixed-use-building\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cw-arranges-sale-of-manhattan-mixed-use-building\\\/\"},\"author\":{\"name\":\"Laura Valean\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/2f8b737fce677cc406c08a2c29c1ff38\"},\"headline\":\"C&amp;W Arranges Sale of Manhattan Mixed-Use Building\",\"datePublished\":\"2018-03-09T16:23:41+00:00\",\"dateModified\":\"2022-12-07T15:39:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cw-arranges-sale-of-manhattan-mixed-use-building\\\/\"},\"wordCount\":260,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cw-arranges-sale-of-manhattan-mixed-use-building\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/03\\\/manhattan.jpg\",\"keywords\":[\"Cushman &amp; 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