The Real Deal New York

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

Pan Express Travel acquires Midtown South building, June & Youn Realty buys in Bayside
By Christian Bautista | April 02, 2018 03:00PM

32 West 38th Street

32 West 38th Street (Credit: Google Maps)

In the world of mid-market New York City investment sales last week, Pan Express Travel acquired a Midtown South industrial building and Queens landlord June & Youn Realty Corporation bought in Bayside.

1.) Travel agency Pan Express Travel bought 32 West 38th Street, a four-story industrial building in Midtown South, for $10 million. The property, which sits between Fifth and Sixth avenues, spans 7,198 square feet and contains one unit. The seller is Staten Island firm Wootos Realty, which has owned the building since the 1980s. Pan Express’ acquisition is just one block from its current office at 109 West 38th Street.

2.) June & Youn Realty Corp. bought a two-story commercial building in Bayside, Queens for $12 million. The property, with the address 203-15 Northern Boulevard, contains one unit and spans 5,900 square feet. The seller is the Evelyn di Benedetto Family Partnership from Syosset in Long Island.