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AddressSize InfoPrice (in millions)BuyerBuyer RepresentativeSellerSeller RepresentativeNotesIssue
Manhattan portfolio
MAP
17 apt. bldgs, 227 units total53Treetop Developmentn/aThe Pinnacle Group; PraediumB. Knakal, H. Oster, Massey Knakal
The package of multifamily buildings…
The package of multifamily buildings sold for about $53 million. The properties are located at 926 Amsterdam Avenue, 929 Amsterdam Avenue, 931 Amsterdam Avenue, 932 Amsterdam Avenue, 934 Amsterdam Avenue, 964 Amsterdam Avenue, 965-7 Amsterdam Avenue, 969 Amsterdam Avenue, 971 Amsterdam Avenue, 924 Columbus Avenue, 926 Columbus Avenue, 928 Columbus Avenue, 943 Columbus Avenue, 953 Columbus Avenue, 961 Columbus Avenue, 973 Columbus Avenue and 342 Manhattan Avenue. In addition to the apartments, the properties together have 27 commercial units.
April 2012
75 Clinton St, Brooklyn
MAP
75-unit apt. bldg50.8Invesco Real Estaten/an/an/a
The property sold for $50.8…
The property sold for $50.8 million, Brownstoner reported.
April 2012
16 East 32nd St
MAP
12-story, 71,250 sf hotel, 100 rooms total48.316 East 32n/aFerrado US LLCn/a
The Avalon hotel sold for…
The Avalon hotel sold for $48.3 million, or about $483,000 per key.
April 2012
191-11 Woodhull Avenue, Queens
MAP
5 apt. bldgs, 354 units total38.5n/an/an/aB. Knakal, B. Sarath, Massey Knakal
The package of multifamily buildings…
The package of multifamily buildings sold for $38.5 million. The elevator properties are located at 191-11 Woodhull Avenue and 91-59 191st Street in Queens
April 2012
364 West 18th St
MAP
57,000 sf apt. bldg, 64 units total33.8Stonehenge PartnersA. Aghravi, B. Ezratty, P. Nigido, Eastern ConsolidatedFortuna Realty GroupA. Aghravi, B. Ezratty, P. Nigido, Eastern Consolidated
The property sold for $33.8…
The property sold for $33.8 million. The buyer plans to rename the building Stonehenge 18, improve the apartments and reposition the building
April 2012
640 Broadway
MAP
9-story, 63,094 sf apt. bldg32.5n/an/an/aR. Knakal, J. Nelson, Massey Knakal
The elevator building sold for…
The elevator building sold for $32.5 million.
April 2012
206 West 17th St
MAP
Retail condos30n/aDavid Ash, Prince Realty Advisorsn/aDavid Ash, Prince Realty Advisors
The retail condo package sold…
The retail condo package sold for $30 million.
April 2012
140 West 28th St
MAP
Parking lot21.5Sovereign PartnersB. Dansker, S. Manne, Marcus & Millichap140 West 28th Street AssociatesB. Dansker, S. Manne, Marcus & Millichap
The parking lot sold for…
The parking lot sold for $21.5 million.
April 2012
991 Third Ave
MAP
3-story retail bldg18.42The Heskel Groupn/aEmmes RealtyB. Knakal, C. Olsen, Massey Knakal
The property sold for $18.42…
The property sold for $18.42 million, or about $4,039 per square foot. Capital One Bank signed a triple-net ground lease in 2006 and will occupy the space until 2031.
April 2012
120 West 116th Street, NY
MAP
4 apt. bldgs, 82 units total18.4Treetop DevelopmentS. Shkury, V. Sozio, M. Tortorici, Ariel Property AdvisorsWavecrest Management TeamS. Shkury, V. Sozio, M. Tortorici, Ariel Property Advisors
The package of multifamily buildings…
The package of multifamily buildings with ground-floor retail sold for $18.4 million. The price represents a capitalization rate of less than 6 percent. The properties are located at 120-26 West 116th Street, 1917-19 Adam Clayton Powell Jr. Boulevard, 110 St. Nicholas Avenue and 110 West 116th Street. The residential units include 60 two-bedrooms and 22 three-bedrooms.
April 2012
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