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LES apartment building owner tries for quick profit
Property on sale for $4.5 million more than purchase price earlier this year
Keller Williams Realty Empire, based in Brooklyn, is marketing a five-story building on the bustling Lower East Side for $13 million.
The 281 Grand Street property, purchased by Flushing-based LLC Jacob Re earlier this year for $8.5 million, includes eight large loft-style apartments ranging between 12,000 and 16,000 square feet, according to the listing. Ground-level retail totaling 23,000 square feet is also on offer, and the property includes basement storage.
The building neighbors 283-285 Grand Street, which was demolished following a fire that ripped through the building. [Lo Down] — Julie Strickland