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

Treeline expands presence at DoBro office

New York /
May.May 13, 2015 10:30 AM

1.) The Roe Corporation paid $16 million for a majority stake in an Upper West Side commercial building at 468-470 Columbus Avenue and retained an existing partner in the property, valuing the entire deal and the property at $24 million. The three-story building, between West 82nd and 83rd Streets, has 16,000 square feet of retail space, with an additional 1,500 square feet of outdoor retail space. Rudd Realty acquired the property for $7.1 million in 2004.

2.) Treeline Companies is expanding its presence at 195 Montague Street, acquiring two commercial units in the building for $12 million. The units have a combined 22,700 square feet of space in the 14-story office building which spans 221,000 square feet. Treeline purchased the top four floors of the building in December for $30 million and also owns nearby properties at 188 And 189 Montague Street.

3.) Sabet Group paid $10.5 million for a West Village apartment building at 113 Christopher Street. The five-story building, bordered by Hudson and Bleecker streets, has 16 apartments and three retail units totaling 9,300 square feet. The seller, Sky Management, paid $5.1 million for the property in 2005.

(Source: ACRIS data for closed sales between May 4-10, and Reonomy data)


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
From left: 3761 and 3769 10th Avenue in Inwood, 16 Dupont Street and 427 West 52nd Street with Mayor Bill de Blasio (Getty, Google Maps)
City agencies grease the wheels of investment sales
City agencies grease the wheels of investment sales
SL Green CEO Marc Holliday with 461 Fifth Avenue and 220 East 197th Street in Fordham (SL Green, Google Maps)
SL Green pays $28M for full control of Midtown office building
SL Green pays $28M for full control of Midtown office building
Rent law, then Covid leaves family landlord with no choice but to sell
Rent law, Covid leave family landlord with one choice: sell
Rent law, Covid leave family landlord with one choice: sell
75 Canal Street West in Mott Haven, 354 Clarkson Avenue in Flatbush, and  69 Downing Street (Google Maps)
Beleaguered taxi kingpin gets $21.7M cash infusion
Beleaguered taxi kingpin gets $21.7M cash infusion
From left: 30 East 14th Street, 156 William Street, 196 7th Avenue and 66 West 88th Street (StreetEasy, Google Maps)
Blue Man Group’s school sells in FiDi for $20M
Blue Man Group’s school sells in FiDi for $20M
1301 Metropolitan Avenue and 151 East 90th Street (Google Maps)
Industrial, multifamily, retail sales punctuated midsize deals last week
Industrial, multifamily, retail sales punctuated midsize deals last week
From top to bottom: 101 Cooper Street in Inwood, 781 Washington Avenue in Crown Heights and 70-35 113th Street in Forest Hills (Google Maps)
Pent-up demand? Midsize i-sales total $125M after week of zero
Pent-up demand? Midsize i-sales total $125M after week of zero
arrow_forward_ios

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

Loading...