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

FBE, Greenroad sell Crown Heights apartment building, Prana acquires pair of Bronx buildings

New York /
Jul.July 30, 2018 04:05 PM

1030 Carroll Street in Brooklyn and 2718 Morris Avenue in the Bronx (Credit: Apartments and Google Maps)

UPDATED, July 30, 6:04 p.m.: In the world of mid-market New York City investment sales last week, FBE Limited and Greenroad Capital sold an apartment building in Crown Heights and Prana Investments acquired a pair of Bronx residential buildings.

Abraham Fruchthandler’s FBE Limited, David Natanov’s Greenroad Capital and investor Zev Marmurstein sold 1030 Carroll Street, a six-story apartment building in Crown Heights, for $18.4 million. The 41,000-square-foot building property is located near the Brooklyn Botanic Garden and contains 46 units. The buyer is 1030 Carroll Holdings LLC, represented by lawyer Jeffrey Zwick.

Prana Investments bought a pair of apartment buildings in the Fordham area of the Bronx for $16.7 million. The properties, at 2718 and 2719-2721 Morris Avenue, are two five-story walk-ups with 91 apartments and one commercial unit, according to city data. The seller is Bilynn Realty III, LLC, which appears to be controlled by Anthony Caruso.

The New York Road Runners, the nonprofit that organizes the New York City Marathon, sold its Upper East Side headquarters to the Park Avenue Synagogue. The Beaux-Arts style townhouse, with the address 9 East 89th Street, changed hands with a purchase price of $10.9 million. It was listed for $24.8 million in 2014. Earlier this month, NYRR inked a 48,000-square-foot lease renewal and expansion at 156 West 56th Street.

Investor Karl Ashmawy bought a 73,000-square foot residential building in the Concourse section of the Bronx for $14 million. The property, at 1459 Wythe Place, contains 73 apartments. The seller is Ridge Holding Corporation, which is represented by law firm Rivkin Radler LLP.


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