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

Peter Fine buys in the Bronx, SW Management buys pair of Upper East Side buildings

New York /
Oct.October 31, 2018 08:00 AM

An aerial of 1000 Westchester Avenue and Peter FIne (Credit: Google Maps)

In the world of mid-market New York City investment sales last week, S.W. Management scooped up a building portfolio on the Upper East Side and a New Hyde Park-based firm bought two low-rise industrial properties in Long Island City.

1.) Stanley Wasserman’s S.W. Management bought a pair of five-story buildings in the Upper East Side for $12.2 million. The properties at 432-434 East 89th Street span 18,200 square feet and contain 41 apartments. The seller is H&S Realty Associates, which has owned the buildings for the past 25 years. Brax Realty’s Alan Stenson represented both sides in the off-market transaction.

2.) Peter Fine bought 1000 Westchester Avenue, a one-story commercial property in the Longwood section of the Bronx, for $10 million. The 15,200-square-foot building sits at the corner of Simpson Street. The seller is Netta Realty Corp., which is controlled by Gail Harris McEvoy. Fine acquired the first property to change hands under the Jerome Avenue rezoning last May.

3.) New Hyde Park-based Park Construction Corporation bought two adjacent properties in Long Island City for $11.5 million. The properties, at 37-24 and 37-26 30th Street, are both low-rise industrial properties with nearly 20,000 square feet. The seller is CT Brothers, LLC, which was represented by lawyer Jay Lau.


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
Here’s what the $10M-$30M NYC investment sales market looked like last week
Ben Ashkenazy dumps Midtown retail building at $6M loss
Ben Ashkenazy dumps Midtown retail building at $6M loss
Ben Ashkenazy dumps Midtown retail building at $6M loss
Ron Burkle’s $155M play on Wall Street: American Stock Exchange HQ
Ron Burkle’s $155M play on Wall Street: American Stock Exchange HQ
Ron Burkle’s $155M play on Wall Street: American Stock Exchange HQ
(Getty)
Manhattan buyers shun fixer-uppers
Manhattan buyers shun fixer-uppers
Chinese developer willing to sell Manhattan supertall site at big loss
Chinese developer willing to sell Manhattan supertall site at big loss
Chinese developer willing to sell Manhattan supertall site at big loss
79 Clifton Place, 80-01 37th Avenue, 45 East Mosholu Parkway North (LoopNet, Google Maps)
Residential dealmakers storm city’s investment sales market
Residential dealmakers storm city’s investment sales market
HUBB’s John McCarthy and with 510 East 88th Street and 181-199 Columbus Avenue (Google Maps)
HUBB NYC doubles down on Manhattan apartments
HUBB NYC doubles down on Manhattan apartments
HAP Investments CEO Eran Polack and 215-225 West 28th Street (HAP)
HAP sells stake in Chelsea apartments in deal valuing project at over $500M
HAP sells stake in Chelsea apartments in deal valuing project at over $500M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...