1.) Aaron and Adam Daniels’ A.D. Real Estate sold two Upper East Side walk-ups for $16 million. The two five-story buildings, at 315 and 317 East 74th Street, span 8,395 and 9,145 square feet respectively and each have 17 residential units. The building at 315 East 74th Street also has two commercial units. The buyers are a group of investors from Great Neck, including Imanuel and Alex Piroozian. A.D. Real Estate, also based in Great Neck, recently bought two buildings from Blackstone Group and Fairstead Capital; an 18-story rental at 312 East 30th Street for $52 million and a 10-story building at 114 East 40th Street for $27.5 million.
Here’s what the $10M-$20M NYC investment sales market looked like last week
A.D. Real Estate sell UES walk-ups, Asco buys Bronx rentals
New York /
Jun.June 05, 2017 05:45 PM
2.) Asco Properties picked up a 91-unit Bronx portfolio for $20 million. The two six-story buildings, at 231-235 West 230th Street in the Marble Hill section of the Bronx, include 89 residential units, all of which are rent-regulated, and two storefronts. Combined, they span 79,630 square feet. The seller, Jo-Lyn Management, owned the property since 1984.
(Source: ACRIS data for closed sales between May 20-June, and Reonomy http://info.reonomy.
Prana pays Related $36M in Bronx multifamily play
Private developer’s NYCHA project in Mott Haven lands $79M in financing
Maddd Equities, Joy Construction score $64M for massive Bronx project
Ugandan government sues art dealer over UES rent
Ex-tenant sues Big Apple Management over Airbnb dispute
Mid-August selling spree of multifamily, mixed-use buildings hits i-sales market
Manhattan parking condos hit market at up to $350K
Chloe’s soft serve fruit treat founder closes on UES condo