The Real Deal New York

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

A Gowanus industrial building sold for nearly $12M
By Mary Diduch | January 02, 2019 02:00PM

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 Heletz in 2016 filed plans to demolish the building; the permit was later withdrawn.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.