The Real Deal New York

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

Neil Bender buys a West Village townhouse for $13M; Silvershore picks up a Ridgewood building for $10.6M

November 30, 2015 03:55PM
By Kyna Doles

Jason Silverstein, 1708 Summerfield Street and 164 Perry Street

Silvershore’s Jason Silverstein, 1708 Summerfield Street in Ridgewood and 164 Perry Street in West Village

1.) Neil Bender’s William Gottlieb Real Estate is expanding its presence along Perry Street in the West Village. The real estate heir paid $13 million for a three-story townhouse at 164 Perry Street, between Washington and West streets. Property records show Bender also owns the four adjacent buildings spanning 156-162 Perry Street, which Bill Gottlieb acquired more than 40 years ago. The mix of low-rise commercial and residential buildings have a combined 18,000 square feet of space. Hunter Gray is the seller.

2.) Silvershore Properties scooped up a 44-unit mixed-use building at 1708 Summerfield Street in the Ridgewood neighborhood of Queens for $10.6 million. The four-story building, which sits on the corner of Cyprus Avenue, includes 39 rent-stabilized apartments and five retail tenants. Delwar Hussain of Cypress Realty LLC acquired the 35,000-square-foot building in 1986.

3.) A pair of rental buildings at 117 West 15th Street and 119 West 15th Street in Chelsea sold for $12.4 million and $14.6 million, respectively. Houston, Texas-based Winther Investments acquired both buildings from Skyland Management. The properties are a mix of five- and six-story buildings with a combined 41 residential units and one commercial unit across 25,330 square feet.

(Source: ACRIS data for closed sales between Nov. 23-29, and Reonomy data)