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

Heritage Equity Partners buys Greenwood gas station site, Cammeby's makes another Kew Gardens purchase

TRD New York /
Jul.July 23, 2018 06:00 PM

82-46 Lefferts Boulevard

In the world of mid-market New York City investment sales last week, Heritage Equity Partners bought a gas station site in Greenwood and Cammeby’s International bought another residential building in Kew Gardens.

1) Heritage Equity Partners bought an Exxon Mobil gas station site in Greenwood for $19.8 million. The seller of 867-875 4th Avenue is a joint venture led by Renaissance Realty Group.

2) Cammeby’s International Group bought 82-46 Lefferts Boulevard, a six-story, 54-unit residential building in Kew Gardens for $13.3 million. The sellers are Avrohom Sukenik and Chava Pinter. The deal marks the second transaction between Cammeby’s and Sukenik this month. Cammeby’s earlier bought 83-15 Lefferts Boulevard, a six-story rental building across the street, for $22.7 million.

3) Japanese firm Efficiency Capital Advisors bought the former home of Greenwich Village bar The Dove Parlour for $14.3 million. The property, at 228 Thompson Street, is a four-story building with eight apartments and one commercial unit. The Dove Parlour, which operated in the building for 11 years, closed down in 2015. The seller is Icon Realty Management, which paid $5.5 million for the property in 2013.

4) Religious nonprofit Good Shepherd Services sold two adjacent properties in Park Slope for $15.5 million. The portfolio includes 441 4th Avenue and 262 9th Street.  The 4th Avenue property served as the location for Good Shepherd’s family counseling facility. The 9th Street building, meanwhile, is known as the Barbara Blum Residence, which houses teenagers placed by family court. The buyer is Vibes of One LLC, which is controlled by Joseph Banda.

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