The Real Deal New York

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
By Christian Bautista | March 19, 2018 03:20PM

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.