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

Cayuga sells a Greenpoint dev site; Tribeca mixed-use building trades hands

TRD New York /
Aug.August 01, 2016 03:40 PM

1.) Brooklyn-based developer Harry Einhorn closed on a deal to buy a Greenpoint warehouse at 79 Quay Street from Cayuga Capital Management for $16 million. The sale comes a few months after Einhorn sued Cayuga, claiming the Williamsburg-based seller initially tried to back out of the sale, and kept its $1 million deposit. The case was discontinued in May. Cayuga bought the property for $3.8 million in 2013 and New York YIMBY reported the developer planned to transform the warehouse into a new 64-unit residential building spanning 61,000 square feet, although those plans were later rejected.

2.) In Tribeca, a five-story, block-through building at 73 Hudson Street sold for $15.2 million. Maria Natalia Alvarez Calvo of Parsifal Properties Corp. is listed as the buyer. The building is home to the Pension and Welfare Trust Fund, two apartments and a ground-floor retail space. The new buyer hasn’t announced plans yet for the property, but the building offers over 13,000 buildable square feet and could be converted into residential condominiums, according to marketing materials.

(Source: ACRIS data for closed sales between July 25-31, 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
Tom Barrack and Mahmood Khimji (Getty)

Colony sells most of its hotel biz to Highgate in $2.8B deal

Colony sells most of its hotel biz to Highgate in $2.8B deal
From left: 180 West 81st Street in Upper West Side, 15-30 130th Street in College Point; 5002 13th Avenue in Borough Park (Google Maps)

Manhattan sees first September i-sale with UWS mixed-use building

Manhattan sees first September i-sale with UWS mixed-use building
 The Qualtrics Tower at 1201 2nd Avenue in Seattle with Hana Financial CEO Kim Jung-tai and Skanska USA CEO Richard Kennedy (Google Maps)

$700M Seattle office tower buy would be among largest Covid-era property deals

$700M Seattle office tower buy would be among largest Covid-era property deals
Carlyle CEO Kewsong Lee and 24-02 Queens Plaza South in Long Island City (Getty; Atlas Capital)

Carlyle Group pockets $40M LIC trade school building

Carlyle Group pockets $40M LIC trade school building
“I believe in the future of Downtown Los Angeles”: Silverstein closes US Bank Tower buy

“I believe in the future of Downtown Los Angeles”: Silverstein closes US Bank Tower buy

“I believe in the future of Downtown Los Angeles”: Silverstein closes US Bank Tower buy
Onyx Equities' Jonathan B. Schultz (left) and John Saraceno, Jr. with 7 Sylvan Way (right) and 8 Campus Drive in New Jersey (Onyx Equities)

Onyx Equities acquires massive New Jersey office portfolio for $160M

Onyx Equities acquires massive New Jersey office portfolio for $160M
Clockwise from left: 950 University Avenue in the Bronx, 27-55 Jackson Avenue in Queens, 149 Pioneer Street in Red Hook and 416 Metropolitan Avenue in Williamsburg (Google Maps)

EB-5 investor snags Hunters Point resi development: Mid-market sales report

EB-5 investor snags Hunters Point resi development: Mid-market sales report
arrow_forward_ios

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

Loading...