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

ExxonMobil sells vacant lot, HUBB NYC buys in the East Village

New York /
Jan.January 09, 2018 03:15 PM

Clockwise from top left: 143-48 41st Avenue, 186-188 First Avenue and 378 Greenpoint Avenue (Credit: Ariel Property Advisors and Google Maps)

In the world of New York City mid-market investment sales last week, film production company Broadway Stages bought a vacant lot from ExxonMobil and HUBB NYC Properties acquired two East Village walkups.

1.) Film production company Broadway Stages bought a vacant lot from ExxonMobil for $10.2 million. The 89,555-square foot parcel is located at 378 Greenpoint Avenue in Greenpoint. Broadway Stages, which has its offices nearby at 203 Meserole Avenue, operates more than 40 sound stages in Brooklyn and Queens.

2.) HUBB NYC purchased 186-188 First Avenue, two mixed-use buildings in the East Village, for $14.25 million. The properties are two five-story walkups with 16 apartments and three retail spaces. The buildings changed hands for the first time in 37 years. Brax Realty’s Michael Ferrara represented HUBB NYC and seller Allen Park.

3.) W Brothers Realty acquired a six-story multifamily building in Flushing for $14.1 million. The elevator property, at 143-48 41st Avenue, contains 54 apartments. The seller is Urban American Management. In July, W Brothers bought the residential portion of 66 Pearl Street for $26.8 million.

4.) Salt Equities sold a five-story mixed-use building in the Upper East Side for $12 million. The property contains 16 apartments and one commercial unit. The buyer is 1403 2nd Avenue LLC.


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
Freshly CEO Michael Wystrach and 28 East 28th Street (Photos via Twitter; Google Maps)
Freshly inks big lease in NoMad
Freshly inks big lease in NoMad
From left: Isaac Zion with JMC Holdings' Matthew Cassin (left) and David Taylor (right) (Photos via SL Green; JMC)
Former SL Green exec Isaac Zion joins Acram Group
Former SL Green exec Isaac Zion joins Acram Group
(Photo illustration by The Real Deal)
Inside mall owner Namdar’s rapid growth story
Inside mall owner Namdar’s rapid growth story
15 Park Row (Google Maps)
J&R Music founders sell Park Row apartment tower for $140M
J&R Music founders sell Park Row apartment tower for $140M
Claudio Del Vecchio has owned Brooks Brothers since 2001. (Getty)
Brooks Brothers’ Madison Ave store could give way to Midtown East tower
Brooks Brothers’ Madison Ave store could give way to Midtown East tower
Gov. Andrew Cuomo (Getty)
Industry reacts to Cuomo’s proposed commercial eviction ban
Industry reacts to Cuomo’s proposed commercial eviction ban
Merchants Hospitality Inks Club Deal at Cachet Hotel (Google Maps, Playboy Club)
Nightlife veteran John Blair inks deal for Hell’s Kitchen club
Nightlife veteran John Blair inks deal for Hell’s Kitchen club
arrow_forward_ios

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

Loading...