Greystone Development, a New York-based real estate development company, today announced it has sold 227 4th Avenue for $10 million to an unnamed buyer. Ofer Cohen of TerraCRG brokered the deal on behalf of Greystone. Brian Flanagan of Sterling Project Development managed the acquisition for the buyer.
Acquired in 2014, Greystone completed a significant renovation to the landmarked property, which was first built in 1910 as Public Bath No. 7. Located between President and Union Streets, the property’s entire square footage (16,700) has been leased long-term to Blink Fitness since 2017.
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