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

Lenox Hill development site sells for $12 million; Greenpoint warehouse trades for $10.5 million

New York /
Jul.July 28, 2015 02:40 PM

1.) Guido Subotovsky’s Azimuth Development Group closed on deal to buy a Leonx Hill development site for $12 million. The property is located at 321 East 60th Street, between First and Second avenues. Permits were filed in March for a new eight-story, 28-unit building after the seller, Midtown-based Minuit Partners, received a variance to change the use of the site to residential. Records show Subotovsky bought the property jointly with the Housing Partnership.

2.) Ofer Joe Levy sold an industrial warehouse in Greenpoint for $10.5 million, just a few months after acquiring the plot for $4.5 million. In fact, it’s the third time that 83 Apollo Street has changed hands this year. A buyer using the entity “CRMX-211 LLC” made the most recent purchase. The single-story building is situated between Nassau and Norman avenues and has 47,000 buildable square feet.

(Source: ACRIS data for closed sales between July 20-26, 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
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
Mack-Cali Realty CEO Mahbod Nia and River Centre in Red Bank (Mack-Cali)
Mack-Cali offloads Red Bank office complex for $84M
Mack-Cali offloads Red Bank office complex for $84M
Hamed bin Zayed Al Nahyan (Getty)
Pandemic squeeze forces Abu Dhabi fund to reassess real estate exposure
Pandemic squeeze forces Abu Dhabi fund to reassess real estate exposure
1111 Fannin Street, Houston (Google Maps, iStock)
Harris County set to buy downtown Houston office building for close to $29M
Harris County set to buy downtown Houston office building for close to $29M
546 Broadway and Isaac Chetrit (Google Maps)
Uniqlo finalizes $160M buy of its flagship at 546 Broadway
Uniqlo finalizes $160M buy of its flagship at 546 Broadway
688 and 702 Court Street, Brooklyn with Madison Capital managing partner Richard Wagman (Google Maps, Madison Capital)
Madison Capital snatches up Red Hook industrial sites for $45M
Madison Capital snatches up Red Hook industrial sites for $45M
arrow_forward_ios

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

Loading...