The Real Deal New York

Here’s what the $10M-$20M NYC investment sales market looked like last week

Treeline expands presence at DoBro office

May 13, 2015 10:30AM
By Kyna Doles

68-470 Columbus Avenue, 195 Montague Street and Treeline Companies' C. Glenn Schor

From left: 468-470 Columbus Avenue, 195 Montague Street and Treeline Companies’ C. Glenn Schor

1.) The Roe Corporation paid $16 million for a majority stake in an Upper West Side commercial building at 468-470 Columbus Avenue and retained an existing partner in the property, valuing the entire deal and the property at $24 million. The three-story building, between West 82nd and 83rd Streets, has 16,000 square feet of retail space, with an additional 1,500 square feet of outdoor retail space. Rudd Realty acquired the property for $7.1 million in 2004.

2.) Treeline Companies is expanding its presence at 195 Montague Street, acquiring two commercial units in the building for $12 million. The units have a combined 22,700 square feet of space in the 14-story office building which spans 221,000 square feet. Treeline purchased the top four floors of the building in December for $30 million and also owns nearby properties at 188 and 189 Montague Street.

3.) Sabet Group paid $10.5 million for a West Village apartment building at 113 Christopher Street. The five-story building, bordered by Hudson and Bleecker streets, has 16 apartments and three retail units totaling 9,300 square feet. The seller, Sky Management, paid $5.1 million for the property in 2005.

(Source: ACRIS data for closed sales between May 4-10, and Reonomy data)