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

Winther buys in Nolita, Walter & Samuels strikes deal in Midtown South

New York /
Dec.December 14, 2016 11:41 AM

1) Winther Investment Group bought a 29-unit rental building on the corner of Mulberry and Broome streets on the Lower East Side for $15.2 million. The Houston-based firm purchased the seven-story 14,931-square-foot building at 178 Mulberry Street from Cheryl Sorrentino’s Cherso Realty. Current tenants at the building’s three retail spaces are an art gallery, a gelato shop and an Italian restaurant.

2) David Berley’s Walter & Samuels picked up a six-story office building on Madison Avenue for $14.5 million. The 15,300-square-foot Midtown South building at 130 Madison Avenue, between East 30th and 31st streets includes two retail units. JD Carlisle purchased the building next door, at 132 Madison, for $10.5 million as part of an assemblage.

3) Restaurant Depot, under the name JMDH Real Estate, bought two adjacent vacant plots in Whitestone for $12.5 million from the Greater New York Automobile Dealers Association. The two plots, at 141-10 15th Avenue and 17-22 Whitestone Expressway, together span 112,000-square-feet and are zoned for industrial use. This is the third time the pair of plots has changed hands since 2008.

4) Ilias Theodoropoulos, a Bayside-based developer, bought a one-story commercial building on the corner of Broadway and 29th Street in Astoria for $12.5 million. The 10,000-square-foot building at 25-41 Broadway sold for $7.25 million in November to Alrose Properties. Theodoropoulos owns buildings throughout Queens and several in Manhattan.

(Source: ACRIS data for closed sales between Dec. 5-9, 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
 SL Green’s Marc Holliday with 450 Park Avenue  (Taconic Partners, SL Green)
TRD Pro: Here are NYC’s biggest offices sales of Q2
TRD Pro: Here are NYC’s biggest offices sales of Q2
Tavros Capital’s Nicholas Silvers and Charney Companies’ Sam Charney in front of 24-05 thru 24-19 Jackson Avenue in Long Island City (Getty Images, Tavros Capital, Charney Companies, Google Maps)
Tavros, Charney plan 55-story rental on long-stalled site
Tavros, Charney plan 55-story rental on long-stalled site
A photo illustration of 450 Park Avenue (left) and 8 Spruce Street (right) (Douglas Elliman, Reading Tom, CC BY 2.0 - via Wikimedia Commons, Getty Images)
CRE investment sales hit $21B in first half of 2022: report
CRE investment sales hit $21B in first half of 2022: report
Brooklyn nursing home tops mid-market investment sales
Brooklyn nursing home tops mid-market investment sales
Brooklyn nursing home tops mid-market investment sales
43 East 53rd Street with ZG Capital Partners’ James Tamborlane and Bobby Zar (Google Maps, LinkedIn)
Bobby Zar buys Midtown office building for 15% less than 2015 price
Bobby Zar buys Midtown office building for 15% less than 2015 price
1020-1026 Third Ave, 1031-1049 Westchester Avenue and Vanbarton Group's Gary Tischler (JLL, Google Maps, Vanbarton Group)
Kahen buys trio of Lenox Hill buildings for $34M in another busy week of i-sales
Kahen buys trio of Lenox Hill buildings for $34M in another busy week of i-sales
Knickpoint Ventures' Matthew Sprayregen with 160 John Street and 37-19 Crescent Street (Knickpoint Ventures, Google Maps)
Sprayregen son sells self-storage for $56M payday
Sprayregen son sells self-storage for $56M payday
arrow_forward_ios

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

Loading...