The Real Deal New York

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Address
Size info
Price
Tenant
Representative
Landlord
Landlord Representative
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Issue
AddressSize InfoPrice (in millions)BuyerBuyer RepresentativeSellerSeller RepresentativeNotesIssue
343 Warren St, NY
MAP
n/a4.2Manhattan investorn/an/aBrian Leary, Massey Knakal
The commercial property sold for…
The commercial property sold for $4.2 million, or $187 per square foot. The price represents a capitalization rate of 6.2 percent and a gross rent multiple of 14.6.
September 2008
134 West 29th St, NY
MAP
n/a2.9DNT EnterprisesJ. Dayan, A. Ben-Dayan, Winoker RealtyPADAM LLCD. Segal, Newmark Knight Frank; R. Miller, Brown Harris Stevens
The third-floor office co-op sold…
The third-floor office co-op sold for around $2.9 million. The buyer plans to move its offices from 60 East 42nd Street.
September 2008
507 West 170th St, NY
MAP
n/a2.87n/aL. Sternhell, P. Vanderpool, T. Shafran, Capin & AssociatesHallil SikandarIsaac Kohannim, Capin & Associates
The property sold for $2.87…
The property sold for $2.87 million. The units are currently renting at below-market rates.
September 2008
655 West 177th St, NY
MAP
n/a2.75n/aRosewood Realtyn/aRosewood Realty
The prewar property sold for…
The prewar property sold for $2.75 million. The price represents a gross rent multiple of about 10.
September 2008
125 Maiden Lane, NY
MAP
n/a2.4NY Commercial PressP. Dugan, V. LaManna, CBRETime EquitiesMichael Rudder, Time Equities
The commercial condo sold for…
The commercial condo sold for $2.4 million.
September 2008
222 Avenue B, NY
MAP
n/a2.4Manhattan investorn/an/aCory Rosenthal, Massey Knakal
The property sold for $2.4…
The property sold for $2.4 million, or $478 per square foot. The price represents a capitalization rate of 4.7 percent and a gross rent multiple of 17.5. The building has five market-rate apartments and a retail space on the ground floor. It also has an additional 2,961 square feet of air rights.
September 2008
761 Humboldt St, NY
MAP
n/a2.3Kentucky userWarren Baymond, DY Realtyn/aM. Lively, P. Kean, Massey Knakal
The industrial property sold for…
The industrial property sold for $2.3 million, or $229 per square foot.
September 2008
6834 Forest Ave, NY
MAP
n/a1.75Kei Kei EnterpriseAmi Efrati, Itzhaki PropertiesBeth Page RealtyOhad Meishar, Itzhaki Properties
The property sold for $1.75…
The property sold for $1.75 million. The price represents a capitalization rate of 6.7 percent and a gross rent multiple of 11.6. The building has four stores and five apartments; the commercial tenants have two to five years remaining on their leases.
September 2008
145 North 7th St, NY
MAP
n/a1.75Pennsylvania usern/an/aMark Lively, Massey Knakal
The property sold for $1.75…
The property sold for $1.75 million, or $269 per square foot. The price represents a capitalization rate of 3.2 percent and a gross rent multiple of 20.3. The building has nine rent-stabilized units and one vacant unit; apartments range in size from 350 to 700 square feet.
September 2008
8612 Third Ave, NY
MAP
n/a1.28Brooklyn investorn/an/aStephen Palmese, Massey Knakal
The property sold for $1.28…
The property sold for $1.28 million, or $350 per square foot. The building has a store on the ground floor and a four-bedroom duplex above. The commercial space is occupied by Carvel/Cinnabon, whose lease expires in 2013.
September 2008
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