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Address
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Landlord Representative
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| Address | Size Info | Price (in millions) | Buyer | Buyer Representative | Seller | Seller Representative | Notes | Issue |
|---|---|---|---|---|---|---|---|---|
| 473 Broadway, NY MAP | Comm. condo and 2 adjoining lots | 15 | Local investor | J. Nelson, R. Burton, Massey Knakal; D. Idan, Gold Gate Realty | n/a | J. Nelson, R. Burton, Massey Knakal | The 8,500-square-foot property sold for… The 8,500-square-foot property sold for $15 million, which represents a capitalization rate of 5.1 percent, a gross rent multiple of 17.1 and a per square foot price of $1,764. | August 2006 |
| 272 Lincoln Pl, Brooklyn NY MAP | 4-bldg residential portfolio | 8 | Brooklyn investor | Massey Knakal | n/a | Massey Knakal | The 88-unit portfolio sold for… The 88-unit portfolio sold for $8 million, which represents a capitalization rate of 5.6 percent, a gross rent multiple of 9.7 and a per square foot price of $124.39. The four properties are located at 272 Lincoln Place, 290 Lincoln Place, 403 Saint Johns Place and 2709 Clarendon Road and aggregate 64,392 square feet. | August 2006 |
| 343 West 44th St, NY MAP | Hotel development site | 6 | McSam Hotel LLC | Alan Miller, Eastern Consolidated | The Riese Organization | Alan Miller, Eastern Consolidated | The 5,025-square-foot parcel, zoned to… The 5,025-square-foot parcel, zoned to accommodate a seven-story hospitality property, sold for $6.8 million. Two years ago, Eastern Consolidated exclusively sold the same parcel on behalf of the pension fund of Local Union 210. | August 2006 |
| 1229 Avenue Y, Brooklyn NY MAP | 6-story apt. bldg | 6 | Gershon & Co. | Martin Ezratty, Eastern Consolidated | Family trust | Martin Ezratty, Eastern Consolidated | The 54-unit property with 13… The 54-unit property with 13 parking spaces sold for $6.7 million, or an average of $124 per residential unit. | August 2006 |
| 2705 Colden Ave, Bronx NY MAP | 6-story elevator apt. bldg | 4 | Bronx investor | Marco Lala, Massey Knakal | n/a | Marco Lala, Massey Knakal | The 40,228-square-foot building sold for… The 40,228-square-foot building sold for $4.7 million, which represents a capitalization rate of 6.7 percent, a gross rent multiple of 9.31 and a per square foot price of $116. The property has 40 residential units and 4 commercial units. | August 2006 |
| 30 West 85th St, NY MAP | 5-story brownstone | 4 | n/a | Richard Pretsfelder, Leslie J. Garfield & Co. | n/a | Richard Pretsfelder, Leslie J. Garfield & Co. | The 10-unit, 6,700-square-foot townhouse, erected… The 10-unit, 6,700-square-foot townhouse, erected in 1900, sold for $4.5 million. | August 2006 |
| 137 Second Ave, NY MAP | 3-story, 12,800 sf comm. bldg | 4 | Herbert Hirsch | n/a | Cabrini Medical Center | Paul Massey, Massey Knakal | The landmarked building sold for… The landmarked building sold for $4.8 million, or $375 per square foot. Cabrini Medical Center sold the asset to provide funds for ongoing operations. | August 2006 |
| 85 Wyckoff Ave, Brooklyn NY MAP | 10 residential bldgs | 4 | Brooklyn investor | M. Rudert, M. Lala, Massey Knakal | n/a | M. Rudert, M. Lala, Massey Knakal | The portfolio sold for $4.8… The portfolio sold for $4.8 million, which represents a capitalization rate of 6.6 percent, a gross rent multiple of 8.1 and a per square foot price of $96. The properties are located at 61-63, 77, 83-85 Wyckoff Avenue and 1330-1342 Willoughby Avenue. The portfolio totals 49,725 square feet. This transaction marks the completion of the second phase of the $52.8 million Sparrow Portfolio sale. | August 2006 |
| 53-04 97th Place, Queens NY MAP | 3-bldg warehouse facility | 4 | Queens user | Swain Weiner, Massey Knakal | n/a | Swain Weiner, Massey Knakal | The 29,000-square-foot property sold for… The 29,000-square-foot property sold for $4.5 million, which equates to $155 per square foot. | August 2006 |
| 534 West 47th St, NY MAP | 5-story, 10-unit mixed-use bldg | 3 | n/a | n/a | n/a | A. Polsinelli, E. Piazza, Besen & Associates | The 6,990-square-foot mixed-use property sold… The 6,990-square-foot mixed-use property sold for $3.5 million, which equates to 13 times gross rental income and a per square foot price of $500. The property has one vacant residential unit and some unused retail space. | August 2006 |
