The Real Deal New York

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

Vida Shoes buys landmarked UWS townhouse, GFI sells mixed-use building in Ocean Parkway
By Christian Bautista | August 07, 2018 03:00PM

Clockwise from left: 26 West 56th Street, 433 Washington Street, and 1014 Avenue J in Brooklyn (Credit: Wikipedia and Apartments)

In the world of mid-market New York City investment sales last week, Vida Shoes bought a landmarked Upper West Side townhouse and GFI sold a mixed-use building in Ocean Parkway.

1.) The Spanish Broadcasting System, which operates New York radio stations Mega 97.9FM and Amor 93.1, sold a landmarked townhouse at the “Banker’s Row” section of the Upper West Side for $14 million. The property, at 26 West 56th Street, is a five-story office building between Fifth and Sixth avenues. It was built in 1871 as the home of banker E Hayward Ferry and his wife Amelia Parsons Ferry. The buyer is footwear company Vida Shoes International.

2.) GFI Capital Resources Group sold a six-story mixed-use building in the Ocean Parkway section of Brooklyn for $16 million. The property, at 1014 Avenue J near the corner of Coney Island Avenue, contains 50 apartments and six commercial units. The buyer is 1014 Avenue J, LLC.

3.) Ponte Equities bought 433 Washington Street, a six-story Tribeca building, for $11.5 million. The 9,600-square-foot property contains four apartments and one commercial unit. It was previously listed along with the building next door, at 431 Washington Street, for $22.5 million. The seller is Crow, Ram & McDuck Management, which has owned the property since 1980.