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New York

Sitt’s deal with city tops 4Q commercial deals


The Coney Island property at 1001 Boardwalk West

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Developer Joseph Sitt’s sale of 6.9 acres of Coney Island property proved the largest commercial sale to close in the fourth quarter of 2009, according to data compiled by PropertyShark.com for The Real Deal. The Coney Island sale closed at $95.6 million, handily trumping the second place deal, which had a closing price of $84.35 million. The sales include all commercial properties. See the accompanying chart for the top five deals in the fourth quarter.
TRD

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Commercial Real EstateConey IslandJoseph SittPropertysharkThor Equities