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

A.D. Real Estate Investors buys an EV multifamily building; Stonehenge sells three resi rentals

New York /
Oct.October 27, 2015 02:45 PM

UPDATED, 3:06 p.m., Oct 28: 1.) A row of seven multifamily buildings along 14th Street in Park Slope sold for $19 million. Deepak Raj of investment firm Greenbrook Partners purchased the 44 units at 409-421 14th Street from its longtime owner Leon Goldstein of Lido Realty. The three-story buildings are landmarked, and stretch between Seventh and Eighth avenues, adjacent to the Park Slope Jewish Center. TerraCRG represented the seller in the deal.

2.) Great Neck-based A.D. Real Estate Investors paid $17 million for a 32-unit mixed-use building at 190 East Second Street. The six-story East Village building is home to Italian restaurant Il Posto Accanto on the ground floor and has 28 rental apartments spanning nearly 21,000 square feet. A.D. most recently acquired a seven-story rental building in the Flatiron District this month for $30 million.

3.) Ditmas Management scooped up a trio of five-story multifamily buildings in Sutton Place for $16.1 million from Ofer Yardeni’s Stonehenge Partners. The properties at 347-351 East 58th Street are contiguous rental buildings spanning nearly 19,000 square feet with an additional 5,000 square feet of air rights. The 30-unit building last traded hands in 2008 for $10.4 million.

(Source: ACRIS data for closed sales between Oct. 19-25, 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...