Brooklyn-based, family-run real estate firm Weiss Realty plans to put a 20-story office building at 40-42 Exchange Place in the Financial District on the market next week. Industry sources told The Real Deal the property is expected to sell for $140 million, based on neighborhood sales. [more]
Posts Tagged ‘lipa lieberman’
Ashkenazy Acquisition Corporation continues to plow through the Upper East Side with the purchase of a five-story rental building in Carnegie Hill, brokers told The Real Deal. [more]
Premier Equities and Thor Equities jointly closed on the $22 million purchase of a pair of Soho mixed-use buildings from East End Capital.
The five-story mixed-use building at 25 Mercer Street and the three-story, 10-unit building at 27 Mercer Street were officially sold Friday as part of a $33 million portfolio. Sportswear retailer Surface to Air occupies the ground floor of 27 Mercer. The five-story manufacturing building at 21 Mercer, which houses a stand-alone Nike Sportswear store on the ground floor, sold separately for $11 million to Thor and Premier late last year. All three properties entered contract last June, as The Real Deal reported. [more]
Sterling Equities, led by New York Mets owner Fred Wilpon, bought a 61,000-square-foot Williamsburg multi-family rental building from Cornell Realty Management for $36 million, The Real Deal has learned. [more]
Ashkenazy Acquisition, the Midtown-based real estate firm headed by young mogul Ben Ashkenazy, snapped up a prime Soho retail condominium, a broker involved with the deal told The Real Deal. [more]
Two Soho retail properties — a condominium at 121 Greene Street and a co-op at 349 West Broadway — will hit the market today asking $35 million, The Real Deal has learned. The Greene Street building, between Prince and Houston streets, houses trendy eyewear purveyor Warby Parker’s first brick-and-mortar store, which opened last week. [more]
Ziel Feldman’s HFZ Capital and partner BSG Real Estate have closed on the purchase of the Chatsworth, an Upper West Side rental building, for $150 million, the Wall Street Journal reported. [more]
In a strange twist, a Queens development site comes with a free gift — 75 sponsor units in a Manhattan residential co-op, Crain’s reported.
The buyer of the defaulted loan for a 3.7-acre development site in Flushing, Queens, near Citi Field, will also get 75 apartments at 310 East 55th Street, because the apartments were used as collateral for the loan. U.S. Bank National Association made the loan to ABS Flushing Development in 2006, Crain’s said. Crain’s didn’t know the size or value of the apartments at press time. [more]
Manhattan-based real estate owner Robert Gilardian won a 16-story Upper West Side apartment building tied up in an epic decade-long dispute, with a $20.1 million bid made in a bankruptcy auction in Los Angeles yesterday afternoon.
Gilardian offered the highest price for 114 West 86th Street, beating out three other approved bidders who participated in the live auction in U.S. Bankruptcy Court in Los Angeles, said Lipa Lieberman, a director at Eastern Consolidated, who was present at the sale.
The property sold for a gross rent multiple of about 20, and a price per square foot of about $400, Lieberman said. He said interest had been high since the news broke of the auction on The Real Deal website.
From left: David Schechtman, Lipa Lieberman, Asher Bernstein and 114 West 86th Street (building photo: PropertyShark)
A 16-story Upper West Side apartment building mired in a dispute between a woman and her aging stepfather that bounced among New York, Florida and California courts, is scheduled to be sold at auction in May, with bids starting at nearly $18 million, federal bankruptcy records show.
The woman, Claudia Raffone, who lives in Beverly Hills, Calif., and the stepfather, Henry Douglas Campbell, of Manhattan, have battled each other since at least 2003 over the 49-unit building at 114 West 86th Street, located between Columbus and Amsterdam avenues.
But on Wednesday, the ownership dispute moved closer to resolution, when a federal bankruptcy judge in California set a May 4 date to sell the property at auction, bankruptcy records show.
The first official bid that sets a lowest price, known as the stalking-horse bid, was entered by Midtown-based Bernstein Real Estate, at $17.95 million, bankruptcy court records show. The sale is being handled by Lipa Lieberman and David Schechtman, brokers with investment sales firm Eastern Consolidated. … [more]
Two Manhattan properties traded recently for a combined $60 million, one sold by real estate investment trust Vornado Realty Trust and the other by Italian bank UniCredit.
In the first transfer, an unidentified Asian buyer paid $30 million for Vornado’s Upper West Side retail store partially occupied by clothing retailer Club Monaco, according to a person with knowledge of the deal.
Vornado, the New Jersey-based real estate investment trust, sold 211-219 Columbus Avenue, a 6,000-square-foot, one-story building on Dec. 31, the source said. … [more]