The Real Deal New York

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AddressSize InfoPrice (in millions)BuyerBuyer RepresentativeSellerSeller RepresentativeNotesIssue
27 Grand St, NY
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20-story, 70,000 sf hotel85n/an/aBrack Capital Real Estaten/a
The James Hotel sold for…
The James Hotel sold for about $85 million. The property debuted in 2010 and is managed by Denihan Hospitality Group. The hotel is home to the famed restaurant of star chef David Burke. Denihan will continue to manage the hotel and operations will remain unchanged under the property's new ownership, according to the seller.
June 2013
49 Bond St (Brooklyn), NY
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Development site70n/an/an/aB. Knakal, S. Palmese, Massey Knakal
The property sold for $70…
The property sold for $70 million. Zoning allows for a development of about 500,000 square feet as of right or up to about 600,000 square feet through the use of inclusionary housing bonuses.
June 2013
490 Fulton St (Brooklyn), NY
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120,000 sf res. condo62.74Harrison Street Real Estaten/aCrown Acquisitionsn/a
The top three floors of…
The top three floors of the building sold for $62.74 million, the New York Post reported. The space consists of 120 dorm rooms for Long Island University students.
June 2013
Williamsburg portfolio, NY
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72 res. units and 12 townhouses51.5SL Green; Magnum Real Estate Groupn/aTriton Realty Groupn/a
The package of residential properties…
The package of residential properties sold for $51.5 million. The portfolio includes 44 condominium units at 195 Berry Street for $19.58 million, or about $445,000 per unit; 28 condos at 248 Bedford Avenue for $14.1 million, or about $503,000 per unit; and 12 townhouses at 129 North Third Street for $17.8 million, or about $1.5 million each.
June 2013
525-541 Atlantic Ave (Brooklyn), NY
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Mixed-use development23Thor Equitiesn/aB. Berger, BCB Properties; A. Lifshitz, DSA Managementn/a
The Atlantic Gardens development sold…
The Atlantic Gardens development sold for $23 million. The project includes 24 rental units and nine stores.
June 2013
511-515 West 36th St, NY
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Development site21.25n/aAzita Aghravi, Eastern ConsolidatedNational AcousticsNancy Tran, Eastern Consolidated
The property sold for $21.25…
The property sold for $21.25 million. The site is currently occupied by a six-story commercial loft building comprised of approximately 37,929 square feet.
June 2013
152 Ludlow St and 149-151 Essex St, NY
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2 apt. bldgs, 22 units total19.1Four Winds Real EstateLouis Moskowitz, GFI Realty149-151 Essex Street AssociatesMarc Alper, GFI Realty
The properties sold for $19.1…
The properties sold for $19.1 million.
June 2013
102 West 79th St, NY
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6-story, 20,281 sf apt. bldg, 36 units total16.65n/aGeorge Niblock, Friedman-Roth Realtyn/aJoseph Arnold Smith, Friedman-Roth Realty
The elevator building sold for…
The elevator building sold for $16.65 million, or about $815 per square foot.
June 2013
333 Sixth Ave, NY
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Retail condo16.5Jackson Groupn/aCornelia Commercial HoldingMark Gjonbalaj, Marcus & Millichap
The retail condo at the…
The retail condo at the base of a residential building sold for $16.5 million. The condo's retail spaces are currently occupied by a Papaya Dog and the risque stores Fantasy Parties and Fantasy Tattoo. The buyer expects to replace the tenants with more mainstream retailers.
June 2013
172 West 79th St, NY
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41 res. condo units16.25n/an/an/aG. Garvin, P. Smadbeck, Massey Knakal
The package of apartments at…
The package of apartments at the Hopkins Condominium sold for $16.25 million, or $402 per square foot. The apartments consist of 22 two-bedrooms and 19 one-bedrooms. Thirty-three are rent stabilized, and eight are rent controlled.
June 2013
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