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

Landlord Yeshaya Wasserman buys eight Brooklyn resi buildings

New York /
Nov.November 03, 2015 02:30 PM

1.) Controversial Brooklyn-based landlord Yeshaya Wasserman scooped up eight residential buildings across the borough for $15 million from Ephraim Vashovsky. The properties, which hold a total of 26 units, are located across six neighborhoods, including Bushwick and Crown Heights. Wasserman reached a settlement with the state last year over allegations that he harassed tenants in his rent-regulated units. Wasserman is required to enact tenant protection policies as part of the settlement agreement. His recent purchase includes a mix of two-, three- and four-family homes.

2.) A vacant four-story building at 81 Sullivan Street in Soho sold for $11 million. Dominic Gan, who also owns 336 East 15th Street, acquired the property from Richard Battalion of Jag Realty Group LTD. The property, located between Broome and Spring streets, has a rear and front building with an available 8,600 buildable square feet. Gan filed permit applications in September to renovate the building, and will maintain the building’s size and existing seven residential units. Antonia Watson of Corcoran Group had the listing.

(Source: ACRIS data for closed sales between Oct. 26- Nov. 1, 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
Sonesta Hotels’ John Murray and The Shelburne Hotel (Illustration by Kevin Cifuentes for The Real Deal with Getty Images, Affinia, Sonesta)
TRD Pro: Biggest hotel sales of the past year
TRD Pro: Biggest hotel sales of the past year
ZD Jasper Realty's Jasper Wu with 23-17 41st Avenue (ZD Jasper, Google Maps, Getty)
GTJ sells East New York warehouse; Kartsonis, Wu cut deals
GTJ sells East New York warehouse; Kartsonis, Wu cut deals
(Illustration by The Real Deal with Getty Images)
How to sell a building today: Package it with cheap debt
How to sell a building today: Package it with cheap debt
JLL’s Bob Knakal and Jonathan Hageman with 245 West 55th Street (JLL, LoopNet)
Oscar-winning film lab selling Midtown property after 100 years
Oscar-winning film lab selling Midtown property after 100 years
355 West Broadway and Bridge Investment Group’s Teresa Mireles Hough (Loopnet, Bridge Investment Group, Getty)
Bridge buys in Soho, Slate in Gowanus in quiet week of i-sales
Bridge buys in Soho, Slate in Gowanus in quiet week of i-sales
89-01 165th Street in Jamaica (Google Maps)
Fruchthandlers buy Queens development site for $51M
Fruchthandlers buy Queens development site for $51M
Hudson Companies CEO David Kramer and a rendering of the planned project at 27-45 North Main Street and 28 Adee Street in Port Chester (Getty, Hudson Companies)
Hudson plans Port Chester mixed-use development
Hudson plans Port Chester mixed-use development
arrow_forward_ios

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

Loading...