Avison Young arranged the sale of a 17,000-square-foot office building at 14 E. 52nd St. on behalf of Inmoprisa USA, Inc. for $19.5 million. The building’s former occupant, Pronovias, a high-end wedding dress company, vacated the property in 2020. The property sold to developer Ramirez & Co., which seeks to reposition the building for its use.
Inmoprisa USA was represented by James Nelson, principal and head of Tri-State Investment Sales; Eric Karmitz and Brent Glodowski, directors; and Alexandra Marolda, associate director. Jeff Berman of Berkshire Hathaway represented Ramirez & Co.
“This property is tailor-made to fit an owner/occupier and were extremely encouraged to see a substantial number of interested investors/developers and ultimately transacting at a premium sale price,” said Karmitz. “Additionally, Manhattan retail and office has seen a significant transformation, with owner/occupiers actively buying real estate for their personal business – with this transaction being a perfect example of that.”
