The Real Deal New York

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

Landlord Yeshaya Wasserman buys eight Brooklyn resi buildings

November 03, 2015 02:30PM
By Kyna Doles

860 Lafayette Avenue, 81 Sullivan Street and Antonia Watson

From left: 860 Lafayette Avenue, 81 Sullivan Street and Antonia Watson of Corcoran Group

1.) Controversial Brooklyn-based landlord Yeshaya Wasserman scooped up eight residential buildings across the borough for $15 million from Ephraim Vashovsky. The properties, which hold a total of 26 units, are located across six neighborhoods, including Bushwick and Crown Heights. Wasserman reached a settlement with the state last year over allegations that he harassed tenants in his rent-regulated units. Wasserman is required to enact tenant protection policies as part of the settlement agreement. His recent purchase includes a mix of two-, three- and four-family homes.

2.) A vacant four-story building at 81 Sullivan Street in Soho sold for $11 million. Dominic Gan, who also owns 336 East 15th Street, acquired the property from Richard Battalion of Jag Realty Group LTD. The property, located between Broome and Spring streets, has a rear and front building with an available 8,600 buildable square feet. Gan filed permit applications in September to renovate the building, and will maintain the building’s size and existing seven residential units. Antonia Watson of Corcoran Group had the listing.

(Source: ACRIS data for closed sales between Oct. 26- Nov. 1, and Reonomy data)