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

A Nolita retail condo sells for $14M

TRD New York /
Dec.December 19, 2018 04:30 PM

Nolita’s 262 Mott Street

In the world of mid-market New York City investment sales last week, a Nolita retail condo sold for $14 million and a parking facility in Hell’s Kitchen traded for $18.4 million.

1.) Madison Development sold a retail condo at 262 Mott Street for $14 million to a private investment group. The 5,831-square-foot ground-floor Nolita condo, located in a former armory, is comprised of five fully-leased individual units. The property features 120 feet of frontage on Mott Street.

2.) In Hell’s Kitchen, John Young’s Emmut Properties picked up a two-story parking garage for $18.4 million, according to a city filing recorded last week. The seller appears to be Auto Care East, under the entity 419 West 45th Street LLC. Auto Care East has an auto body and repair shop and two other parking garages in Manhattan. Emmut and a neighboring property owner recently sold what will be the site of a Lower East Side Moxy Hotel to the Lightstone Group for $56.5 million.

3.) Slate Property Group bought a six-story East Village mixed-use building for $17.3 million, according to a city filing recorded last week. The seller of the walk-up, at 632 East 11th Street, was 634 East 11th St. Corp. The building was built in 1900 and has 33 residential units and two retail units.

4.) Sterling National Bank sold one of their buildings at 72-35 Broadway in Jackson Heights to Da Bronx LLC for $14 million, according to a city filing last week. The buying entity lists Mohammed A. Malik as its member.


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

As the years go by_A look back at 17 years of real estate history

A look back at 17 years of real estate history

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

250th Issue

The Real Deal celebrates 250 issues

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

From left: Publisher and founder Amir Korangy, Editor-in-chief Stuart Elliott and VP of Corporate Development Yoav Barilan

TRD’s founders share war stories from over the years

arrow_forward_ios
Loading...