Vacant Plaza District Retail Property Trades at Discounted Price

American Bank affiliate MCNA Properties IV has purchased the 4-story, 4,100-square-foot retail building located at 730 Lexington Avenue. The sale by Ashkenazy Acquisitions attracted a price of roughly $12.7 million, or about $3,109 per square foot, representing a discount from the $18.5 million, or $4,512 per square foot paid by Askenazy in 2016. Located between East 58th and 59th Streets, the currently vacant property previously served as the home of shoe and accessories retailer Aldo.