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Commercial
New York

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

Vision Enterprises buys in Bayside, St. Mark's property changes hands

24 St. Mark's Place
24 St. Mark's Place

1.) Cheskie Weisz’s CW Realty bought a development site in Bushwick for $11.5 million. The properties, located at 333-335 Irving Avenue near the Myrtle-Wyckoff subway station, are composed of a 12,500-square-foot-warehouse and a vacant lot. The seller is metal products manufacturer Standard Tinsmith & Roofer Supply Corporation. Cushman & Wakefield’s DJ Johnston represented the seller.

2.) Vision Enterprises bought 34-43 and 34-57 Francis Lewis Boulevard, two buildings with a total of 38,200 square feet in Queens’ Bayside neighborhood for $12.8 million. The 34-43 Francis Lewis Boulevard property contains 21 free-market apartments and a ground-floor retail space occupied by discount store Dollar Tree. The latter building, meanwhile, is a two-story structure with three retail tenants and two offices. The seller is investor Darshan Bagga, who has owned the properties since the mid-1990s. Highcap Group’s Josh Goldflam and Charles Chang brokered the deal.

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3.) Investor Laurence Beame sold 24 St. Mark’s Place, a six-story mixed-use building in the East Village, for $12.9 million. The property contains 16 apartments and a ground-floor retail space occupied by Caffe Bene. The buyer is Allied XVII LLC, which was represented by lawyer Michael Papagianopoulos.

4.) New Jersey assisted living facility operator CareOne bought a three-story mixed-use building in Hudson Yards for $11.5 million. The property, at 407 Eighth Avenue, contains four apartments and a retail space occupied by Tempest Bar. The sellers are Michael Besen and the Sidney Rubell Company.

5.) Graham and Gregory Jones’ GRJ, LLC sold an apartment building in the Flatiron District for $17 million. The property, at 41 West 24th Street, is an eight-story building with 12 apartments and one commercial unit. The buyer is 41 W 24th Partners LLC, which is controlled by Christopher Wang.

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Commercial Real EstateInvestment Sales