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

HAP expands Chelsea dev site; HUBB NYC buys Tribeca retail condos

New York /
Feb.February 15, 2016 05:15 PM

UPDATED, 11:29 a.m., Feb. 15: 1.) HUBB NYC Properties purchased a pair of retail condominium units at 77 Reade Street from Robert Kaliner for $17.8 million, or $1,400 per square foot. The space includes the basement and a ground floor unit totaling 12,600 square feet in the eight-story Tribeca building. Kaliner, in partnership with HP Investors, paid $7.3 million for the two units in 2012.

2.) A 50-unit rental building in the Sunnyside neighborhood of Queens traded hands for $14.7 million. Carlo Coco’s J.C. Management sold the six-story building at 41-29 41st Street to Astoria-based landlord Harry Ottoman of Nocor Management.  The property spans 40,800 square feet between Skillman and 43rd avenues.

3.) HAP Investment Developers snatched up a fourth property along West 28th Street in Chelsea, next door to a 21-story mixed-use project it has planned. The developer paid $13 million for a 17-unit rental building at 213 West 28th Street, in addition to the $50.2 million it shelled out for 215-219 West 28th Street in 2013. New York YIMBY spotted renderings last year for a HAP’s Karim Rashid-designed project, but the Department of Buildings rejected those plans last month. It’s Not Clear Whether 213 West 28th Street will be demolished to make way for HAP’s proposed 134-unit project.

4.) Leslie Lerner’s L.A.L Property Management Corp. acquired a 63-unit rental building in the Bronx for $10.6 million. Located in the Wakefield neighborhood, the 60,200-square-foot building at 655 East 233 Street holds 60 residential units, most of which are rent-stabilized apartments, and three commercial units. The seller, Yuri Desimone, purchased the property for $5.9 million six year ago.

(Source: ACRIS data for closed sales between Feb. 8- 14, 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
(iStock/Illustration by Kevin Rebong for The Real Deal)
NYC investment sales hit multi-year peak to end 2021
NYC investment sales hit multi-year peak to end 2021
A photo illustration of 51-53 East 73rd St, 300 De Witt Ave, 137 Bayard Street and 3044 Coney Island Ave (LoopNet, Rosewood Realty Group/Illustration by Steven Dilakian for The Real Deal)
Ten mid-market investment sales to start your day
Ten mid-market investment sales to start your day
(Illustration by The Real Deal)
Manhattan investment sales top pre-pandemic levels in Q4 comeback
Manhattan investment sales top pre-pandemic levels in Q4 comeback
Renderings of 80 South Street (Oceanwide Holdings, iStock)
Chinese developer defaults on $175M loan for languishing Manhattan supertall site
Chinese developer defaults on $175M loan for languishing Manhattan supertall site
Ashkenazy Acquisition Corporation's Ben Ashkenazy; Clipper Equity’s David Bistricer; Fetner's Hal Fetner; L+M Development Partners's Ron Moelis (Google Maps, Ashkenazy Acquisition Corporation, Fetner, Clipper Equity, L+M Development Partners)
Everything must go: I-sales skyrocket in year-end blowout
Everything must go: I-sales skyrocket in year-end blowout
836 Broadway, 72-79 Warren Street, 82-89 West Broadway, 1124 First Avenue, 290 Dyckman Street, and 2957 Shell Road (Google Maps)
17 investment sales make for a year-end smorgasbord
17 investment sales make for a year-end smorgasbord
6R Capital Realty's Shai Shamir with 70-74 Warren Street (left) and 80-88 West Broadway (IAC, Google Maps)
As Brack Capital shutters in NY, former CEO bets on Tribeca
As Brack Capital shutters in NY, former CEO bets on Tribeca
arrow_forward_ios

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

Loading...