Here’s what the $10M-$20M NYC investment sales market looked like last week

BCB Management sold a Crown Heights rental for $13.2M after offering tenant buyouts

New York /
Feb.February 03, 2015 09:00 AM

1.) Developer Jimmy Shao bought a 4,800-square-foot commercial building at 306 West 40th Street in Midtown for $16.3 million. Shao filed permits in December to construct a 30-story, 118-key hotel spanning 44,234 square feet. The sellers are listed as 306 W/ 40th St. Realty Corp., Ace Inv. Group LLC, A&S 306 LLC, and DPR 306 LLC.

2.) In Flatbush, Brooklyn, a 79-unit co-op at 2125 Newkirk Avenue traded hands for $14 million. Bernard Miller of Newkirk 2215 LLC purchased the six-story, 117,564-square-foot residential building. The property last sold for $2.7 million in 2006 to a buyer under the entity 22215 Properties LLC.

3.) Debrah Lee Charatan and Bennat Charatan Berger’s BCB Property Management sold a Crown Heights apartment building for $13.2 million, following tenant protests in March. BCB offered buyouts to tenants of 1059 Union Street last year, who later rallied against the landlord, claiming BCB was illegally converting apartments and attempting to illegally evict residents. The five-story building totals 42,285 square feet and includes 32 units. The new buyer is listed under the name 829-835 Franklin Avenue Residences, LLC.

4.) A pair of five-story apartment buildings at 161-163 East 89th Street sold for $13 million to 108 Charlton Street Realty. The buildings have a combined 26 units and 19,710 square feet of space. Esther Rosenberg is the seller.

5.) The Dahesh Museum of Art purchased a new home at 178 East 64th Street for $12.5 million. The museum is relocating its headquarters and exhibition space to the former home of Chrysler executive James Press and Suwichada Press. The three-story Upper East Side townhouse features nearly 7,000 square feet of space. No permits have been filed yet for renovation of the space.

6.) In Queens, a commercial building at 106-04 Northern Boulevard traded hands for $10.3 million. Coldwell Banker originally listed the property for $16.5 million. The building includes 28 apartments, six commercial units and totals 48,479 square feet. Joel Wertzberger purchased the six-story building from Rhonda K. Lowe.


Related Articles

arrow_forward_ios
Clockwise from top left: 162 West 13th Street, 325 Avenue Y in Brooklyn, 1281 Viele Avenue in the Bronx (Credit: Google Maps)
Here’s what the $10M-$30M NYC investment sales market looked like last week
Here’s what the $10M-$30M NYC investment sales market looked like last week
(iStock/Illustration by Kevin Rebong for The Real Deal)
NYC investment sales hit multi-year peak to end 2021
NYC investment sales hit multi-year peak to end 2021
A photo illustration of 51-53 East 73rd St, 300 De Witt Ave, 137 Bayard Street and 3044 Coney Island Ave (LoopNet, Rosewood Realty Group/Illustration by Steven Dilakian for The Real Deal)
Ten mid-market investment sales to start your day
Ten mid-market investment sales to start your day
(Illustration by The Real Deal)
Manhattan investment sales top pre-pandemic levels in Q4 comeback
Manhattan investment sales top pre-pandemic levels in Q4 comeback
Renderings of 80 South Street (Oceanwide Holdings, iStock)
Chinese developer defaults on $175M loan for languishing Manhattan supertall site
Chinese developer defaults on $175M loan for languishing Manhattan supertall site
Ashkenazy Acquisition Corporation's Ben Ashkenazy; Clipper Equity’s David Bistricer; Fetner's Hal Fetner; L+M Development Partners's Ron Moelis (Google Maps, Ashkenazy Acquisition Corporation, Fetner, Clipper Equity, L+M Development Partners)
Everything must go: I-sales skyrocket in year-end blowout
Everything must go: I-sales skyrocket in year-end blowout
836 Broadway, 72-79 Warren Street, 82-89 West Broadway, 1124 First Avenue, 290 Dyckman Street, and 2957 Shell Road (Google Maps)
17 investment sales make for a year-end smorgasbord
17 investment sales make for a year-end smorgasbord
6R Capital Realty's Shai Shamir with 70-74 Warren Street (left) and 80-88 West Broadway (IAC, Google Maps)
As Brack Capital shutters in NY, former CEO bets on Tribeca
As Brack Capital shutters in NY, former CEO bets on Tribeca
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...