The Real Deal New York

Posts Tagged ‘michael namer’

  • Alfa’s Village Green West launches sales

    November 04, 2013 01:11PM

    245 West 14th Street rendering

    Sales have launched at Alfa Development’s Village Green West, a 27-unit condominium building at 245 West 14th Street, according to a spokesperson.

    Jim Brawders of the Corcoran Group is heading up sales out of an office at 132 West 18th Street. The 12-story building broke ground in September and will begin to rise next year. One-bedrooms start at $1.3 million, and full-floor penthouses start at $7.6 million. The biggest penthouse in the building will be a four-bedroom, two-bathroom, 3,038-square-foot unit, which comes in at close to $9 million. [more]

  • Jacobi pays $25M for Soho retail space

    November 08, 2012 09:30AM

    151 Wooster (inset: Matthew Marshall of Marshall Real Estate)

    The retail space at the base of a luxury loft development in Soho has traded for $25 million, the broker handling the transaction told The Real Deal.

    Investor Yaron Jacobi nabbed the basement and first two floors of 151 Wooster, just south of Houston, in an off-market deal, according to Matthew Marshall, of Marshall Real Estate, who brokered the transaction for both seller and buyer. [more]

  • From left: Alfa CEO Michael Namer, the site at 117-119 West 21st Street (credit: PropertyShark) and David Schechtman of Eastern Consolidated

    Alfa Development is in contract to buy a development site in Chelsea for $12 million, pending the approval of bankruptcy court, Crain’s reported. The site is located at 117-119 West 21st Street, between Sixth and Seventh avenues, and used to be a Hershey factory.

    Alfa is now in a “stalking horse” contract to close on the nearly 19,000-square-foot property in an all-cash deal, though a better offer could come at an early November auction sale. As it currently stands, the property is a vacant four-story warehouse and Alfa entered contract in early September. [more]

  • From left: Michael Namer, an aerial shot of the lot and David Behin

    Flatiron-based Alfa Development paid $14.65 million for a once-stalled Chelsea development site two blocks from the Meatpacking District, the seller’s broker told The Real Deal. The price is approximately twice the $7.5 million the seller paid to purchase the defaulted note about a year and a half earlier.

    Alfa bought the site at 245 West 14th Street, between Eighth and Ninth avenues, today, from an investment group led by developer Offir Naim, his broker, David Behin, president of investment sales at brokerage MNS, said. [more]