The Real Deal New York

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

Icon sells UES walk-up and Prana buys in the Bronx
By Christian Bautista | March 12, 2018 06:10PM

Photo credit: Google Maps

In the world of mid-market New York City investment sales last week, Icon Realty Management sold an Upper East Side walk-up and Prana Investments acquired a Bronx building.

1.) Icon Realty Management sold a five-story walk-up in the Upper East Side for $12.2 million. The property, at 210 East 95th Street, contains 15 apartments. The buyers are Itoko LLC and Ubee LLC. Icon is developing a pair of condominium towers at 301 East 80th Street and 301 East 81st Street.

2.) Prana Investments purchased a six-story, 54-unit mixed-use property at 2150 Creston Avenue in Tremont from a group of investors including Jacob Landau and Moses Eckstein. The purchase price for the building was $12.9 million. The San Francisco-based multifamily investor closed on its acquisition of 114 East 168th Street, a six-story apartment building in the Bronx, just last week.

3.) Affordable housing developer Settlement Housing Fund bought three commercial condo units in Hunts Point for $13.5 million. The building, located at 1314 Seneca Avenue, is a six-story property with 60 apartments. The sellers are a group of investors led by Gershon Eichorn, Menachem Levy and Yechiel Steigman.

4.) Landlord Steve Zervoudis sold an apartment building in the Highbridge neighborhood of the Bronx for $11 million. The six-story property at 1422 Nelson Avenue contains 72 apartments. The buyer is 1422 Nelson LLC, which is controlled by David Kleiner.