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

TRD NEW YORK /
Oct.October 13, 2015 03:00 PM

1.) Slate Property Group purchased Marolda Properties’ rental building at 112 Avenue C for $14.2 million. Three commercial units and 22 apartments make up the East Village property, totaling 19,844 square feet. The developer most recently closed on a Downtown Brooklyn site at 560-570 Fulton Street for $23 million and is considering building new condos.

2.) Newmark Holdings paid $14.2 million for a Long Island City development site near Court Square. The property at 10-27 46th Avenue is home to the Bridgeview School of Fine Arts, a nearly 48,000-square-foot building. Lewis Mittman Inc. is the seller. Newmark owns a nearby 22,300-square-foot industrial building at 11-05 44th Drive.

3.) The Key Food Supermarket Off Lefferts Boulevard in the Richmond Hill section of Queens sold for $12.8 million. Florence D’urso of D’urso Lefferts Blvd. Food Corp. sold the 27,000-square-foot building at 87-25 Lefferts Boulevard. It’s not immediately clear what the buyers have in mind for the property, which lies between Jamaica and 89th avenues. No permit applications have been filed yet to renovate or replace the food store.

4.) A 20-unit rental building at 227 East 89th Street in Yorkville sold for $12.5 million. Anthony Branchinelli acquired the property from GRJ LLC. The five-story walk-up has 10,465 square feet of residential space and sits between Second and Third avenues.

(Source: ACRIS data for closed sales between Oct. 5-11, and Reonomy data)


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

eXp Realty CEO Jason Gesing

Virtual brokerage eXp slashes 15% of staff

From left: Donald Trump, Jane Goldman of Solil Management, Jorge Perez of Related Group, Stephen Ross of Related Companies, Jeff Greene, Brian Chesky of Airbnb, Sam Zell of Equity Group Investments, Jeff Sutton of Wharton Properties with Adam Neumann, former WeWork CEO (Illustration by The Real Deal)

These US real estate titans made Forbes’ billionaires list

Barry Gosin, Sandeep Mathrani and Christian Ulbrich

WeWork taps JLL, Newmark to help negotiate rent relief

From left: David Lichtenstein, Nathan Berman and David Schwartz

Not so fast, vultures: Multifamily among better “food groups” poised to weather pandemic

From left: Eagle Lofts at 43-22 Queens Street in Long Island City, 292 North 8th Street in Williamsburg and The Landing at 15 Bridge Park Drive in Brooklyn Heights (Credit: Rockrose Development, Stonehill & Taylor Architects and StreetEasy)

Rockrose’s $350M haul tops March list of outer-borough loans

arrow_forward_ios
Loading...