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

Premier Equities buys Soho commercial condo, Elliot Sohayegh sells Hell's Kitchen building

TRD New York /
Nov.November 12, 2018 04:45 PM

42 Crosby Street and Nepture Diner at at 31-05 31st Street in Astoria (Credit: KS on Yelp)

In the world of mid-market New York City investment sales last week, Premier Equities bought a Soho commercial condo and investor Elliot Sohayegh sold a Hell’s Kitchen building.

1.) Premier Equities bought a commercial condo unit in SoHo for $14.3 million. The firm, headed by Yaron Jacobi and Uzi ben-Abraham, paid $14.3 million for a 2859-square-foot space at the ground floor of Atlas Capital Group’s 42 Crosby Street. Atlas Capital, the seller in the transaction, launched residential sales in the seven-story condo building in 2016.

2.) Investor Elliot Sohayegh sold 700 10th Avenue, a five-story apartment building in Hell’s Kitchen, for $10.5 million. The 7,750-square-foot property contains eight apartments and one commercial unit, according to city data. The buyer is 700 10th Ave Realty LLC, which appears to be controlled by a Wahlid Alkandi.

3.) The Anagnostopoulos and Bakalis families bought the Neptune Diner location in Astoria for $10.4 million. The site, at 31-05 31st Street, is comprised of three tax lots that were combined to form a site that offers a maximum zoning floor area of 45,300 square feet, according to an Eastern Consolidated listing. The Greek diner has been in the location for three decades. The seller is Shirlene LLC, controlled by Cathy Chryssides.

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