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

Barberry Rose Management buys in Inwood, Stellar Management and City Urban Realty acquires Williamsburg apartment building

Nov.November 05, 2018 06:30 PM

9 Post Avenue (Credit: Google Maps)

In the world of mid-market New York City investment sales last week, Barberry Rose Management bought an Inwood property and Stellar Management and City Urban Realty acquired a Williamsburg apartment building.

1.) Barberry Rose Management bought a five-story apartment building in Inwood for $10.4 million. The property, at 9 Post Avenue, is a 42,100-square-foot building with 48 apartments, according to city data. The sellers are 9-15 Post LLC and PS Post Ave LLC, with Michael Adler as the signatory. Barberry Rose is funding the purchase with a $5.3 million mortgage from Dime Community Bank.

2.) Stellar Management and City Urban Realty acquired 326 Bedford Avenue, a six-story mixed-use building in Williamsburg, for $12 million. The 25,200-square-foot property contains 32 apartment and two commercial units, city data shows. The seller is landlord George Wanat.

3.) Brooklyn developer Shlomo Karpen bought a Brooklyn portfolio for $15.3 million. The properties, at 1, 7 and 9 Wythe Avenue in Greenpoint, are adjacent one-story properties that occupy a triangular site bounded by Wythe Avenue, North 15th Street and Banker Street. The seller is Berry Wythe LLC, which is controlled by Staten Island investor Patrick Turturro.

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

Knotel CEO Amol Sarva 

Another huge round of layoffs for Knotel

Miki Naftali, Steven Witkoff and Ryan Freedman

TRD Talks: How developers are contending with coronavirus

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

Governor Andrew Cuomo (Photo by Spencer Platt/Getty Images; iStock)

Cuomo’s foreclosure, mortgage moratorium has no teeth

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

From left: Realogy's Ryan Schneider, Cushman & Wakefield's Brett White and Newmark Knight Frank's Barry Gosin (Credit: iStock)

Brokerage stocks plunge amid market turmoil