From the July issue: Queens investment sales fell to$396 million in May, a 21 percent decline from April. The volume was about 10 percent below the 12-month average of $440 million.
The top sale in the borough was Normandy Real Estate Partners’ $54 million purchase of an industrial building at 43-10 23rd Street in Long Island City.
In the Bronx, investors acquired $219 million in commercial properties, about 2 percent above the 12-month average.
The top buy was Abraham Leser’s purchase of a rental building at 2025 Seward Avenue in Castle Hill for $33.7 million. The second-biggest was ASC Properties’ $20 million purchase of a rental building at 231 West 230th Street in Kingsbridge.