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|Address||Size Info||Price (in millions)||Buyer||Buyer Representative||Seller||Seller Representative||Notes||Issue|
|410 East 92nd St, NY|
|20,000 sf office bldg||10||Spence-Chapin||D. Lebenstein, A. Wysong, N. Heryet, Colliers ABR||Madison Equities||J. Lesher, Madison Equities; P. Wexler, Corcoran Wexler Healthcare Properties|
The adoption agency acquired two…
The adoption agency acquired two floors of a four-story community facility for $10 million, or $500 per square foot. The other two floors are occupied by The Gillen-Brewer School. Spence-Chapin expected approval for a city-issued $9.8 million bond to purchase the space. The building is part of a development by Madison Equities that includes a new Courtyard by Marriott hotel and a new apartment building, First Avenue Towers.
|505 Carroll St, Brooklyn NY|
|Land parcel||9||Procida Realty & Construction Corp. and Second Development Services Inc.||Represented in-house||n/a||Michael Silber|
The firms acquired the parcel…
The firms acquired the parcel for $9.5 million. The land, which is a block-through property bounded by President and Carroll streets, is currently home to a 96,000-square-foot light manufacturing facility. The partners have previously collaborated on condominium development projects are likely to utilize their latest acquisition for a similar project. Signature Bank provided the financing.
|72-07/19 Austin St, Queens NY|
|9,500 sf retail property||8||Long Island investor||Thomas Donovan, Massey Knakal||n/a||Thomas Donovan, Massey Knakal|
The one-story property, which is…
The one-story property, which is subdivided into five commercial units and zoned for 22,800 square feet of air rights, sold for $8 million, which represents a capitalization rate of 5.1 percent, a per square foot price of $842, and a gross rent multiple of 15.1.
|217-19 East 82nd St, NY|
|5-story, 24-unit apartment bldg||6||Manhattan investor||Nicole Carra, NLC Realty LLC||n/a||Nicole Carra, NLC Realty LLC|
The walk-up building sold for…
The walk-up building sold for $6.1 million. The new owner plans to renovate the buildings to increase revenue. Half the units are two-bedrooms and half are three-bedrooms; three were vacant at the time of sale.
|1381 Castle Hill Ave, Bronx NY|
|71-unit, 72,500 sf apartment bldg||5||Rockland County 1031 investor||Mark Scholack, Massey Knakal||n/a||Mark Scholack, Massey Knakal|
The 153-foot wide apartment building,…
The 153-foot wide apartment building, which also includes four medical units, sold for $5.3 million, which represents a capitalization rate of 6.9 percent, a per square foot price of $73.10, and a gross rent multiple of 7.8.
|1364 York Ave, NY|
|9,750 sf mixed-use property||4||Manhattan investor||John Ciraulo, Massey Knakal||n/a||John Ciraulo, Massey Knakal|
The property, which contains 18…
The property, which contains 18 rent-regulated apartments and two stores, sold for $4.6 million, which equates to a capitalization rate of 4.5 percent, a per square foot price of $469.23, and a gross rent multiple of 13.7. The building is zoned for an additional 14,750 square feet of air rights.
|71 Second Ave, NY|
|5-story, 7,600 sf apartment bldg||4||Manhattan investor||J. Nelson, Massey Knakal; E. Kravitz, Coast to Coast Properties||n/a||James Nelson, Massey Knakal|
The 24-foot-wide building, which contains…
The 24-foot-wide building, which contains five residential units and two commercial units, sold for $4.2 million, which represents a capitalization rate of 4.7 percent, a per square foot price of $548.68, and a gross rent multiple of 18.03. The building was most recently sold in December 2005 for $3.5 million, or $464.82 per square foot. The new owner may occupy part of the property.
|344 Maujer St, Brooklyn NY|
|20,000 sf warehouse||3||Jay Weitzman||Robert Klein, Kalmon Dolgin Affiliates||Richard Rubin||Robert Klein, Kalmon Dolgin Affiliates|
The single-story warehouse sold for…
The single-story warehouse sold for $3 million, or $150 per square foot.
|60-15 Myrtle Ave, Queens NY|
|3-story retail property||3||Long Island investor||Thomas Donovan, Massey Knakal||n/a||Thomas Donovan, Massey Knakal|
The property sold for $3…
The property sold for $3 million, which represents a capitalization rate of 5.3 percent, a per square foot price of $181.16, and a gross rent multiple of 19. The building has a full basement and 16,650 square feet of above-grade space on the first, second, and third floors. Blockbuster has a lease for the first floor through 2011.
|95 Lexington Ave, NY|
|5-story, 24,487 sf office bldg||3||Manhattan developer||Peter Schubert, Massey Knakal||n/a||Peter Schubert, Massey Knakal|
The vacant office building sold…
The vacant office building sold for $3.4 million, which equates to a per square foot price of $134.83. The purchaser intends to redevelop the property into high-end condominiums.