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

TRD New York /
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

arrow_forward_ios
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

Investment sale dollar volume in Brooklyn fell 30% in 2019, the biggest drop since the financial crisis. (Credit: iStock)

Brooklyn i-sales see biggest drop since financial crisis

Brad Zackson and 2475 Exterior Street (Credit: Google Maps)

Another Brad Zackson deal tops NY’s mid-market investment sales

The sites at 1900 Shore Parkway, 1894 Shore Parkway along Bay 41st Street in Gravesend (Credit: Google Maps)

Abraham Fructhandler’s FBE buys South Brooklyn sites for $58M

From left: Savanna’s founding partners, Christopher Schlank and Nicholas Bienstock, Tokyo Trust Capital CEO Minoru Machida and 434 BroadwayFrom left: Savanna’s founding partners, Christopher Schlank and Nicholas Bienstock, Tokyo Trust Capital CEO Minoru Machida and 434 Broadway

Savanna sells Soho office building for $103M to Tokyo-based firm

22 Quincy Street in Brooklyn (Credit: Google Maps)

Salvation Army rings bell on Clinton Hill warehouse sale for $29M

111-115 West 141st Street and 148 West 141st Street (Credit: Google Maps)

Brooklyn multifamily building sale tops this week’s list of mid-market deals

591-593 Broadway (Credit: Google Maps)  

Another pricey retail building in Soho is up for sale

arrow_forward_ios
Loading...