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

Vilcek Foundation sells UES gallery, Blank sells three Astoria buildings

Apr.April 10, 2017 02:15 PM

From left: 25-10 29th Street, Laurie M. Tisch and 167 East 73rd Street (Credit: Google Maps and Getty Images)

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=”” target=”_blank”>Reonomy</a> data.)

Related Articles

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

Sharif El-Gamal (Photo by Desiree Navarro/WireImage)

WATCH: Developer Sharif El-Gamal has Covid-19. But he’s one of the lucky ones

Knotel CEO Amol Sarva 

Another huge round of layoffs for Knotel

Miki Naftali, Steven Witkoff and Ryan Freedman

TRD Talks: How developers are contending with coronavirus

42-46 2nd Avenue (Credit: Google Maps)

LA real estate firm buys shuttered church site for $40M

1115 Broadway, RXR Realty's Scott Rechler, 2413 Third Avenue and 9 Bruckner Boulevard in the Bronx (Credit: Getty Images; Google Maps)

Flatiron office building leads New York’s mid-market investment sales

Governor Andrew Cuomo (Photo by Spencer Platt/Getty Images; iStock)

Cuomo’s foreclosure, mortgage moratorium has no teeth

Clockwise from left: The Chrysler Building, The Putnam Portfolio, CBRE's Darcy Stacom, JLL's Andrew Scandalios, The Coca-Cola Building and Cushman & Wakefield's Doug Harmon

A tight hustle: TRD’s annual tally of the city’s biggest investment sales firms