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Deals & Dealmakers

Momofuko Noodle building offered for sale

Adelaide Polsinelli, Vice Chair of Compass and the newly launched investment sales division, along with Trystan Polsinelli, have been hired to market 169 & 171 First Avenue in the East Village, home of Momofuko Noodle Bar

ADELAIDE POLSINELLI

“David Chang, celebrity chef and owner of Momofuko Noodle Bar, is a perfect example of a start up entrepreneur who built an international brand after launching his first restaurant here in the East Village, in 2004,” said Polsinelli.

“He was instrumental in making the East Village a destination for quality casual dining. Momofuko enjoys a long lease and will remain in the space for years to come, “ Adelaide concluded.

“You can’t ask for a better location,” added  Trystan Polsinelli. “This offering is in a neighborhood driven by strong demographics and great transportation.”

169 First Avenue is a three-story mixed-use walkup with ground floor retail and  60 ft. rear garden. It has one ground floor retail space and a free- market duplex apartment on the upper floors. The property includes 6,508 s/f of unused development rights.

171 First Avenue is a five-story mixed-use walk-up cast iron façade building with ground floor retail space. It has four full-floor lofts above the retail level.

TRYSTAN POLSINELLI

“This offering presents purchasers and end users with the opportunity to acquire a cast iron building with a built in income stream and flexible live work space,” said Trystan Polsinelli.

Both buildings have a combined ±46’ of frontage on First Avenue.  The properties can be sold separately or as a package. They are expected to fetch north of $17 million.

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