Real estate investor Stanley Cayre sells Midwood home for $3.6M

Cayre’s family founded Midtown Equities

TRD New York /
Jun.June 26, 2017 07:09 PM

3514 Bedford Avenue and Stanley Cayre

Stanley Cayre, brother to Midtown Equities TRData LogoTINY founder Joe Cayre, sold a single-family home in Midwood for $3.6 million, property records show.

An LLC called 3514 Bedford Holdings picked up the two-story house at 3514 Bedford Avenue in the Brooklyn neighborhood, according to property records filed with the city Monday. The 3,500-square-foot home was built in 1920, according to Zillow. It’s unclear what Cayre paid for the property.

In 2013, Cayre shelled out $23 million for a co-op at 640 Park Avenue on the Upper East Side. A New York Times story on the purchase described Cayre as a commercial real estate investor and noted he planned to use the apartment as a primary residence.

Midtown Equities, founded in 2000 to manage the Cayre family’s real estate holdings, is an active New York developer. The firm owns Empire Stores in Dumbo, among other properties, and is a co-owner of the brokerage CORE.

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