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

LargaVista buys a Harlem retail property and LeFrak sells a pair of Queens commercial buildings

New York /
Sep.September 01, 2015 03:20 PM

1.) Marcello Porcelli’s LargaVista Companies purchased a retail building at 248 West 125th Street for $16.5 million. The single-story retail property has two commercial tenants, including The Children’s Place. The building spans nearly 7,500 square feet  between Adam Clayton Powell and Frederick Douglass boulevards in Harlem. Harbor Group International acquired the building in 2012, along with a retail building at 1420 Broadway, for $20.3 million.

2.) A buyer under the entity name, 1 CPW Venture LLC, picked up five hotel units in Trump International Tower for $15.6 million. The units are spread between the seventh and 10th floors in the 44-story tower at 1 Central Park West. The seller, John Michael Sobrato, paid $11.9 million for the units in 2006.

3.) A Hudson Yards hotel located at 449 West 36th Street traded hands for $15 million. North Carolina-based Gemini Real Estate Advisors sold the 10-story GEM Hotel to Jia Jup An of Orchard Lodging LLC.

4.) The LeFrak Organization sold a development site in the Rego Park neighborhood of Queens for $11.5 million. Quincy Realty LLC is listed as the buyer. The two-story contiguous properties include a four-unit office building at 97-29 64th Road and, six-unit retail and office building at 97-19 64th Road, One Block From Queens Boulevard. The site has 67,200 buildable square feet,

(Source: ACRIS data for closed sales between August 24- 30, 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
454 East 148th Street and 5252 Kings Highway (Google Maps; Compass)

Bulk co-op buy in the Bronx tops mid-market investment sales

Bulk co-op buy in the Bronx tops mid-market investment sales
554 Fort Washington Avenue (top) and 235 Gardner Avenue (Google Maps)

East Williamsburg warehouse fetches $28M

East Williamsburg warehouse fetches $28M
SL Green CEO Marc Holliday and 410 Tenth Avenue (Google Maps; SL Green)

SL Green’s Hudson Yards deal is breakthrough for Manhattan’s i-sales market

SL Green’s Hudson Yards deal is breakthrough for Manhattan’s i-sales market
45-16 83rd Street in Queens (Google Maps)

Elmhurst developer buys own condos for $28M

Elmhurst developer buys own condos for $28M
Michael Shvo and the Transamerica Building in San Francisco and  (Unsplash)

Shvo, Deutsche Finance close on Transamerica Pyramid for $650M

Shvo, Deutsche Finance close on Transamerica Pyramid for $650M
2055 Anthony Avenue and 1416 Ferris Place (Google Maps)

Ved Parkash picks up Fordham Heights apartment building

Ved Parkash picks up Fordham Heights apartment building
20 West 33rd Street (20West33rd)

Furnishing firm picks up 4 condos at 60 Guilders, Carlyle’s Midtown South project

Furnishing firm picks up 4 condos at 60 Guilders, Carlyle’s Midtown South project
arrow_forward_ios

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

Loading...