Torresco Realty was engaged as exclusive broker under an agreement requiring strict non-disclosure and a severely restrictive marketing plan. A sale was accomplished within the dictates of our exclusive when Torresco located an investor who needed to fulfill a 1031 Tax Free Exchange. A swift contract signing/closing timeframe mandated by the purchaser was brought to fruition within ten days. The property offers 100’ retail frontage on Lexington Avenue and 60’ frontage on East 125th Street. The 6 story elevator loft building was purchased for upgrade conversion from loft to office building with ground floor retail.
Torresco Realty LLC was the sole broker in this transaction.