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

Vilcek Foundation sells UES gallery, Blank sells three Astoria buildings

New York /
Apr.April 10, 2017 02:15 PM

In the world of mid-market New York City investment sales last week, the Laurie M. Tisch Foundation bought a two-story commercial building on the Upper East Side for $19.2 million, and a Queens landlord picked up a three-building lot in Astoria for $11.4 million.

1.) The Laurie M. Tisch Foundation bought the site of the Vilcek Art Gallery on the Upper East Side from the Vileck Foundation for $19.3 million. The two-story building is a converted townhouse at 167 East 73rd Street with one residential unit and two commercial units. The Vileck Foundation, a nonprofit that supports foreign-born artists and scientists, bought the property in 2006 for $6.9 million and opened its headquarters there in 2008.

2.) Blank Property Group sold a three-building site in Astoria to Dominic Casamento’s Kingdom Equities for $11.4 million. The three four-story apartment buildings, from 25-10 to 25-20 29th Street, have 27 apartments combined. The buildings last sold for $7.2 million in 2014.

3.) Peter Wunsch’s WEA Enterprises sold two commercial buildings, at 6601 and 6603 18th Avenue in Bensonhurst for $10.8 million. The buyer of the two one-story buildings is investor Debra Hamid, who controls 18th Ave BAC LLC. The buildings, which span 3,950 square feet combined, sold for $8.5 million in 2013.

(Source: ACRIS data for closed sales between Apr. 3-9, and <a href=”http://info.reonomy.com/NYC-Request-Demo.html” target=”_blank”>Reonomy</a> 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
Floor & Decor CEO Thomas Taylor and 4 Henry St in Commack (Floor & Decor and Google Maps)
Floor & Decor moving into site of shuttered Target in Commack
Floor & Decor moving into site of shuttered Target in Commack
Mayor Steven Fulop (Getty, iStock)
Jersey City to provide up to $10K more rent relief per tenant
Jersey City to provide up to $10K more rent relief per tenant
Atlas Hospitality Managing Member Raj Guru and Vinod Chand with 711 Seventh Avenue (Atlas, Google Maps)
Atlas plans 401-room hotel at 711 Seventh Avenue
Atlas plans 401-room hotel at 711 Seventh Avenue
Social Construct's co-founders Ben Huh and Michael Yarne (iStock)
Proptech startup Social Construct shutting down
Proptech startup Social Construct shutting down
AEW Global CEO Jeff Furber (left), North America CEO Jonathan Martin and 60 Charlton Street (AEW, APF Properties)
AEW purchases boutique Soho office building for $86.2M
AEW purchases boutique Soho office building for $86.2M
CBRE's Emma Giamartino and Bob Sulentic (CBRE, iStock)
Flush with cash, CBRE is ready to spend
Flush with cash, CBRE is ready to spend
GCP CEO Alan Yang (Getty, GCP)
GLP raises $2.3B for logistics property fund
GLP raises $2.3B for logistics property fund
arrow_forward_ios

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

Loading...