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

TRD 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

From left: 305 East 47th Street and 286 River Avenue (Credit: Google Maps)

Here’s what the $10M-$30M NYC investment sales market looked like last week

Clockwise from top left: 2-34 Beach 102nd Street in Far Rockaway, 175 Canal Street West in Mott Haven, 102 Fulton Street, and 71 Smith Street in Boerum Hill (Credit: Google Maps and StreetEasy)

Here’s what the $10M-$30M NYC investment sales market looked like last week

New York City investment sales in July 2019

145-65 Wolcott Street in Brooklyn, 3428 Park Avenue in the Bronx and 20 East 35th Street (Credit: Google Maps)

Here’s what the $10M-$30M NYC investment sales market looked like last week

Clockwise from top left: 3860 Nostrand Avenue in Brooklyn, 50 Manhattan Avenue and 250 and 254 West 23rd Street (Credit: Google Maps)

Here’s what the $10M-$30M NYC investment sales market looked like last week

From left: 2785 Broadway, 521 Bergen Avenue in the Bronx, and 1685 First Avenue (Credit: Google Maps)

Here’s what the $10M-$30M NYC investment sales market looked like last week

Clockwise from top left: 237-24` East 62nd Street, 957 Woodycrest Avenue, 210 Clarkson Avenue, 950 Woodycrest Avenue (Credit: Google Maps)

Here’s what the $10M-$30M NYC investment sales market looked like last week

arrow_forward_ios