Real estate deal of the week

Building a Farwell and Brady sold.

The estate of Holmes Simpson recently sold the John Kunitzky Building at 1673-77 N. Farwell Ave., Milwaukee, to Mark Saigh and Mara Suchy, who are married and live in Pasadena, Calif., for $750,000. "My wife is from Milwaukee," Saigh said. "It’s a building she remembers from when she was young. The sale price was well below the building’s assessed value of $1.485 million, according to city records. The sale was brokered by Michael Seramur of Ogden & Company, who represented the buyer and seller. The three-story, 8,347-square-foot building is 128 years old and is located at the southwest corner of East Brady Street and North Farwell Avenue on Milwaukee’s east side. "It’s a real nice corner," Saigh said. The top two floors in the building are vacant. A Starbucks café and the Dogg Haus hot dog restaurant occupy some of the first floor space.

A salon formerly occupied the second floor. Holmes Simpson, the building’s former owner, lived on the third floor and had a design studio there until she passed away. Saigh said he and his wife hope to fill the building leasing all three floors to commercial tenants. The third floor features 20-foot ceilings and lake views. "It’s beautiful," Saigh said. The building is structurally sound and does not need any major repairs, he said.

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