The Real Deal New York

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

HFZ Capital adds to 600K-sf NoMad assemblage
By Mary Diduch | January 09, 2019 02:00PM

From left: a rendering of 3-7 West 29th Street, HFZ Capital Group chairman Ziel Feldman and 18 West 30th Street (Credit: HFZ Capital Group and Google Maps)

In the world of mid-market New York City investment sales last week, Sterling National Bank shed another Queens building and HFZ Capital Group dropped $18.6 million for a property in NoMad, according to filings recorded last week with New York City’s Department of Finance.

1.) HFZ Capital Group picked up a five-story, mixed-use building in NoMad for about $18.6 million. The seller of 18 West 30th Street was Jamak Realty, Inc.

The property is just one piece of an assemblage Ziel Feldman’s company is putting together on the block, where it plans to build a nearly 600,000-square-foot office building designed by architect Bjarke Ingels.

2.) Sterling National Bank sold the building one of its Queens branches occupies and a nearby parking lot for just over $10 million. The buyer of 60-20 Woodside Avenue was the Ampiera Group. Sterling National Bank, whose holding company merged with Astoria Financial Corporation in 2017, last month closed on the sale of another Queens location, at 72-35 Broadway, to Da Bronx LLC for $14 million.