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|Address||Size Info||Price (in millions)||Buyer||Buyer Representative||Seller||Seller Representative||Notes||Issue|
|473 Broadway, NY|
|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.
|272 Lincoln Pl, Brooklyn NY|
|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.
|343 West 44th St, NY|
|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.
|1229 Avenue Y, Brooklyn NY|
|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.
|2705 Colden Ave, Bronx NY|
|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.
|30 West 85th St, NY|
|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.
|137 Second Ave, NY|
|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.
|85 Wyckoff Ave, Brooklyn NY|
|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.
|53-04 97th Place, Queens NY|
|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.
|534 West 47th St, NY|
|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.