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

Settlement Housing Fund buys Harlem portfolio; Stone Street acquires Chelsea apartment building

New York /
Mar.March 19, 2018 03:20 PM

Jeffrey Kaye and 151 Eighth Avenue

1.) The Settlement Housing Fund bought a Harlem portfolio from West Realty Group for $16.9 million. The buildings covered in the transaction include 508 West 151st Street, 520 West 151st Street, 510 West 52nd Street and 519 West 152nd Street, 535 West 151st Street and 3656 Broadway. The properties, a majority of which are five-story buildings, contain a total of 107 apartment units. Settlement is partnering with L+M Development to build a 100-unit residential complex at 315 East 103rd Street and 330 East 104th Street.

2.) Stone Street Properties bought 151 Eighth Avenue, a five-story mixed-use building in Chelsea, for $18.4 million. The building, located between West 17th and 18th streets, contains 16 apartments and two retail units. The seller is Roy Savelli, who operates Flight 151, an aeronautically themed bar on the building’s ground floor. Cushman & Wakefield’s Brock Emmetsberger, Billy Simons and Rachel Aschendorf represented the seller.

3.) Eunhasu Corporation bought 168 Suffolk Street, a 10,050-square-foot luxury apartment building in the Lower East Side for $12.8 million. The property contains nine two-bedroom apartments and a ground-floor retail space. The seller is 168 Suffolk St Owners, LLC, which acquired the property for $5 million in 2014. Eastern Consolidated’s Peter Carillo represented the seller while Tony Parks of PD Properties represented the buyer.


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
The New York Life Sciences and Biotechnology Center at First Avenue and 41st Street (NY Life Sciences)
Life sciences leasing breaks annual record in five months
Life sciences leasing breaks annual record in five months
The commercial market was hit hard by the pandemic, and property tax revenue is expected to fall 5 percent. (iStock)
Tax bills show how much Covid devalued NYC real estate
Tax bills show how much Covid devalued NYC real estate
Richard Segal of Seavest Investment Group, David Marx of Marx Development Group and 902 Quentin Road in Brooklyn (Photos via Seavest Investment Group, Marx Development Group and VRMNY)
Westchester firm buys $54M Brooklyn medical building
Westchester firm buys $54M Brooklyn medical building
1111 Fannin Street, Houston (Google Maps, iStock)
Harris County set to buy downtown Houston office building for close to $29M
Harris County set to buy downtown Houston office building for close to $29M
546 Broadway and Isaac Chetrit (Google Maps)
Uniqlo finalizes $160M buy of its flagship at 546 Broadway
Uniqlo finalizes $160M buy of its flagship at 546 Broadway
688 and 702 Court Street, Brooklyn with Madison Capital managing partner Richard Wagman (Google Maps, Madison Capital)
Madison Capital snatches up Red Hook industrial sites for $45M
Madison Capital snatches up Red Hook industrial sites for $45M
Real Estate EFTs See Investment Amid Pandemic Recovery
Why investors are rushing into real estate ETFs
Why investors are rushing into real estate ETFs
arrow_forward_ios

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

Loading...