水果派AV

New York City brokerage firm Eastern Consolidated has listed the Aurelius shopping center on and commercial real estate marketplace聽 with an asking price of $7 million.

The mall is owned by Sam Abram, CEO of New York City聽 wholesaler Siba Corporation. He is the mall's since it opened in 1980.

础产谤补尘听聽the mall for $27 million in 2006. With the then-recent addition of outdoors retailer and a payment-in-lieu-of-taxes with Cayuga County that projected the mall's value would soar from $4.6 to $25 million by 2019, Abram called the mall an "attractive purchase."

But the mall's value stagnated. Shortly after Abram's purchase, its 聽began declining due to a mix of the Great Recession, consumer habits shifting away from shopping malls and, according to some former tenants, . More than 20 national tenants, including anchors and , have left the mall since 2008.

According to , the mall's market value is $4,651,163 as of 2016.

That year, the mall added area retailers through a new program,聽, and continued aggressively in its empty storefronts. Eastern Consolidated says in the 492,592-square-foot mall's聽 that it now has an occupancy rate of 69 percent. The firm projects a net operating income of $540,693 for prospective owners.

"(The mall) represents a tremendous opportunity to redevelop a large-scale property at a strategic crossroads in the (Finger Lakes) as either a reconceived shopping destination and experience or as a completely new use," Eastern Consolidated says in the property's . The firm describes itself as being "at the forefront of transactions that define the New York City skyline."

Eastern Consolidated Director Michael Hunter Coghill told 水果派AV Tuesday that Siba contracted the firm to sell the mall about two months ago. He could not immediately provide further comment.

Rene Patterson, the mall's of two and a half years, declined comment. Siba did not immediately respond to a request for comment.