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

Urban American picks up Wash. Heights rentals; Chase sells three resi buildings

New York /
Dec.December 19, 2016 05:07 PM

In the world of mid-market New York City investment sales last week, a film production company bought a $16 million warehouse in Greenpoint and Premier Equities struck again with a $13 million Upper West Side purchase.

1) Andres Hogg’s Hogg Holdings picked up a six-story, 12,438-square-foot church at 49 Orchard Street on the Lower East Side for $11.4 million. The seller, the Chinese Christian Herald Crusades, was looking to sell it for $15 million in 2013.

2) Premier Equities TRData LogoTINY bought a commercial condominium unit at Starrett Corporation’s 28-story mixed-use building at 175 West 95th Street for $13 million. Starrett converted the 148-unit rental building to condos in 2013. The is Premier’s latest acquisition after the firm recently made deals for three NoMad buildings and a retail condo on the Lower East Side for a total of $26 million.

3) An 84-unit rental building at 515 West 168th Street in Washington Heights sold for $18.2 million. Castellan Real Estate Partners sold the six-story, 40,185-square-foot-building to Urban American Management.

4) In the Bronx, Joel Gluck sold a 11-story, 129-unit building at 1340 Stratford Avenue to the nonprofit Settlement Housing Fund for $14.2 million.

5) Film Production Company Broadway Stages spent $16 million on an 89,300-square-foot warehouse in Greenpoint. The company bought the two-story structure at 306 North Henry Street from Exxon Mobil. Broadway owns several locations throughout Brooklyn and Queens for film shoots, including a 46,080-square-foot industrial site at 37-50 50th Street in Queens’ Sunnyside neighborhood.

6) JPMorgan Chase sold off three residential buildings in Manhattan to Natural Habitat Realty for a total of $17.4 million. The properties include two in Murray Hill, a 12-unit building at 121 East 37th Street and an 11-unit building at 151 East 38th Street, and a third eight-unit building at 148 West 15th Street near the West Village.

(Source: ACRIS data for closed sales between Dec. 12-16, 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
From left: SMA's Samy Mahfar and Gaia's Danny Fishman in front of 99 Allen Street, 177 Ludlow Street, and 102 Norfolk Street in Manhattan (Google Maps, LinkedIn/Sammy Mahfar, GAIA Real Estate)
Gaia, SMA trade LES buildings in busy week for i-sales
Gaia, SMA trade LES buildings in busy week for i-sales
Joseph Chetrit with 92-11 147th Place (Getty, Google Maps, iStock)
UES apartments, Midtown strip club trade in another active week for i-sales
UES apartments, Midtown strip club trade in another active week for i-sales
Vanbarton's Justin Kleinman and 103-109 East Burnside Avenue (LinkedIn, Google Maps, iStock)
Vanbarton unloads 3 Bronx properties in busy week for i-sales
Vanbarton unloads 3 Bronx properties in busy week for i-sales
(iStock)
Another big quarter for tri-state warehouses, but party may be ending
Another big quarter for tri-state warehouses, but party may be ending
GAIA's Danny Fishman with 177 Ludlow Street, 99 Allen Street, and 102 Norfolk Street (GAIA Real Estate, Google Maps)
Gaia on multifamily buying spree as others back off
Gaia on multifamily buying spree as others back off
Harkham Ventures' Aron Harkham and 133 Grand Street (LinkedIn, Google Maps)
Harkham family, Yan Moshe, Alan Fried score mid-market deals
Harkham family, Yan Moshe, Alan Fried score mid-market deals
Slate Property Group's Martin Nussbaum with 231 East 76th Street and 340 East 52nd Street  (Google Maps, Slate Property Group)
Slate, Fortress score $78M Manhattan multifamily portfolio
Slate, Fortress score $78M Manhattan multifamily portfolio
arrow_forward_ios

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

Loading...