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

NYC Housing Partnership buys Empire State Dairy Company complex, East Harlem Tutorial Program acquires church site

Sep.September 18, 2018 08:00 AM

2840 Atlantic Avenue in Brooklyn (Credit: Douglas Elliman)

In the world of mid-market New York City investment sales last week, the NYC Housing Partnership bought the former Empire State Dairy Company complex in East New York, and East Harlem Tutorial Program acquired a church site.

1.) Education nonprofit East Harlem Tutorial Program bought a church site in East Harlem for $15.2 million. The package includes St. Lucy’s Church and School at 342-344 104th Street and two vacant parcels at 346 East 104th Street and 2017 1st Avenue. The seller is the Roman Catholic Church of St. Ann and St. Lucy. East Harlem Tutorial is funding the acquisition with a $6.8 million loan from Goldman Sachs.

2.) The NYC Housing Partnership acquired the former Empire State Dairy Company complex at 2840 Atlantic Avenue for $16.8 million. The East New York property was reportedly at risk of being demolished before being landmarked in 2017. The seller is Illinois firm LSC Development, which paid $11 million for the property last year.

3.) Rexton Management Services bought 976 Sixth Avenue, a three-story commercial building at the corner of West 36th Street, for $13.3 million. The seller is 976 Associates 26 LLC, which is controlled by Yosef Nazar.


Related Articles

Clockwise from top left: 162 West 13th Street, 325 Avenue Y in Brooklyn, 1281 Viele Avenue in the Bronx (Credit: Google Maps)

Here’s what the $10M-$30M NYC investment sales market looked like last week

42-46 2nd Avenue (Credit: Google Maps)

LA real estate firm buys shuttered church site for $40M

1115 Broadway, RXR Realty's Scott Rechler, 2413 Third Avenue and 9 Bruckner Boulevard in the Bronx (Credit: Getty Images; Google Maps)

Flatiron office building leads New York’s mid-market investment sales

Clockwise from left: The Chrysler Building, The Putnam Portfolio, CBRE's Darcy Stacom, JLL's Andrew Scandalios, The Coca-Cola Building and Cushman & Wakefield's Doug Harmon

A tight hustle: TRD’s annual tally of the city’s biggest investment sales firms

150-152 East 79th Street (Credit: Google Maps)

HFZ assemblage play leads New York’s mid-market investment sales

Blackstone's Jonathan Gray, Gaedeke Group's Sabine Gaedeke Stener and 44 Wall Street (Credit: Stener by Gaedeke Group; Gray by Drew Angerer/Getty Images, 44 Wall Street via Google Maps)

Blackstone sells office tower at 44 Wall Street for $200M

Clockwise from top left: 136-18 Maple Avenue in Flushing, 109 Avenue A and 47-49 West 39th Street (Credit: Google Maps)

Flushing vacant lot leads New York’s mid-market investment sales

Arthur Shapolsky of Shapolsky Real Estate and 143 East 62nd Street (Credit: Facebook, Google Maps)

Real estate titan: I was duped on deal by elderly button-shop owner