Acquired By Sofia Brothers
Sofia Brothers bought the building in December 1950 when it was under foreclosure by the Greenwich Savings Bank. Its property value at the time was assessed at $440,000, of which $125,000 represented land value. Arthur Eckstein, Inc., brokered the sale with the title being insured by the Title Guarantee and Trust Company. Attorneys for the seller were Karelson, Karelson, Rubin & Rosenberg. Irving Raisman was the attorney for the buyer. It became the fourth warehouse in New York City for Sofia Brothers, which was founded in 1910.
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