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

Eli and Joseph Tabak team up on a Mott Haven warehouse purchase; a Brooklyn investor picks up 74 units in Longwood

New York /
Apr.April 25, 2016 01:55 PM

1.) A pair of contiguous mixed-use buildings at 912 And 922 Southern Boulevard in the Bronx sold for $16.1 million. Brooklyn-based investor Joel Werzberger, who owns 875 Longwood AvenueAnd 2035 Belmont Avenue in the Bronx, purchased the properties from landlord Joel Shafran. The nearly identical buildings are six stories, each spanning over 50,000 square feet. They have a combined 66 apartments, mostly rent regulated, and eight retail units.

2.) Eli Tabak’s Bluestone Group, brother Joseph Tabak’s Princeton Holdings and Altmark Capital closed on a deal to buy a Mott Haven warehouse spanning an entire block along Willow Avenue, between East 134th and 135th streets, for $14.1 million. The vacant warehouse at 780 East 135th Street, which totals 84,650 square feet, last sold in 1997 and was used as a moving and storage facility. The new owners are considering converting the five-story building into new artists lofts or a creative office, according to the Commercial Observer, which first reported the sale.

(Source: ACRIS data for closed sales between April 18-24, 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
The hotel on Rockaway Beach sold for $25 million (Google Maps)
Pandemic pricing arrives to middle of i-sales market
Pandemic pricing arrives to middle of i-sales market
US office investment market remains well below 2019 levels
US office investment market remains well below 2019 levels
US office investment market remains well below 2019 levels
i-Sales: Development sites trade in Manhattan
i-Sales: Development sites trade in Manhattan
i-Sales: Development sites trade in Manhattan
Storage trumps housing in mid-market sales
Storage trumps housing in mid-market sales
Storage trumps housing in mid-market sales
HFZ Capital CEO Ziel Feldman, The Platform CEO Peter Cummings, Fisher Building (Getty, Dick Haefner and The Platform)
HFZ, partners put historic Detroit building on the market
HFZ, partners put historic Detroit building on the market
School’s still out but Construction Authority buys in Brooklyn
School’s still out but Construction Authority buys in Brooklyn
School’s still out but Construction Authority buys in Brooklyn
Stephen Preuss and Ripco's Gene Spiegelman (Ripco)
Veteran ex-Cushman broker Stephen Preuss lands at Ripco
Veteran ex-Cushman broker Stephen Preuss lands at Ripco
arrow_forward_ios

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

Loading...