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

A Gowanus industrial building sold for nearly $12M

Jan.January 02, 2019 02:00 PM

90 Prince Street and Antoun Sehnaoui (Credit: Google Maps and Wikipedia)

In the world of NYC’s mid-market investment sales, a Kipp’s Bay apartment building traded for $11.2 million and a Lebanese banker picked up a Prince Street building from a church, according to records filed last week with New York City’s Department of Finance.

1.) An LLC that appears to be tied to Antoun Sehnaoui, a Lebanese banker and businessman, bought 190 Prince Street, a three-story building known as St. Anthony’s Convent, from the Church of Saint Anthony of Padua. The price tag for the Soho property was $19 million.

2.) Jam Real Estate Partners sold a five-story, 17-unit Kipp’s Bay apartment building for $11.2 million. The buyer of 345 East 33rd Street was Michael Heletz of Excel Development Group. Jam acquired the property in August 2017 for $7.2 million and renovated it. Heletz in 2016 filed plans to demolish the building; the permit was later withdrawn.

601-615 Sackett Street

3.) A two-story industrial property in Gowanus traded for $11.7 million. Bak USA LLC sold 601-615 Sackett Street to Liberty One Group, a Brooklyn-based real estate investment firm.

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

FM Capital's David Brecher and LIVWRK's Asher Abehsera with 160 Van Brunt (Credit: Google Maps)

Red Hook home of Tesla showroom up for sale

Clockwise from top left: 255 East 18th Street, 27-34 Jackson Avenue, 925 Prospect Place, 343 East 17th Street and 311 First Avenue (Credit: Google Maps)

Gramercy Park dev site leads New York’s mid-market investment sales

Brookfield Asset Management CEO Bruce Flatt

“We underwrite every investment like we’re going to hit a recession”: Brookfield CEO

Infinity Real Estate's Steve Kassin and 1715 East 13th Street (Credit: Infinity Real Estate)

South Brooklyn mixed-use shopping portfolio trades for $165M

LA — not Manhattan — topped US investment sales in 2019

LA — not Manhattan — topped US investment sales in 2019

GIC CEO Lim Chow Kiat with Industry City (Credit: Industry City, GIC)

Singapore sovereign wealth fund buys stake in Industry City

229 West 28th Street with Rodgers & Hammerstein (Credit: Getty Images, 229nyc, Rumi)

Lexin Capital puts Midtown South office building up for sale