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

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

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

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
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
902 Drew Street and 400 East 58th Street (Google Maps)

New York’s multifamily sales improve in Q3

New York’s multifamily sales improve in Q3
Bank OZK CEO George Gleason (Unsplash; Bank OZK)

Bank OZK’s lending up in third quarter

Bank OZK’s lending up in third quarter
The number of mortgage borrowers in Covid-19 forbearance plans ticked down again this week. (iStock)

3M homeowners remain in forbearance

3M homeowners remain in forbearance
Phil Collins wants to sell his Miami Beach mansion for $40M, but his ex-wife won’t leave

Phil Collins wants to sell his Miami Beach mansion for $40M, but his ex-wife won’t leave

Phil Collins wants to sell his Miami Beach mansion for $40M, but his ex-wife won’t leave
arrow_forward_ios

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

Loading...