Here’s what the $20M-$30M NYC investment sales market looked like last week

Madison Equities and Thor sold three retail condos for $26.5M

TRD New York /
Jan.January 29, 2019 04:00 PM

212 Fifth Avenue (Credit: Google Maps)

A package of retail condominiums and an Astoria apartment building were the two New York City investment sales transactions in the $20 million to $30 million range made public last week.

1.) Joaquin Garcia-Quiros Rodriguez, described by his broker as an international investor, bought a trio of retail condos at 212 Fifth Avenue in NoMad for $26.5 million, according to a public filing recorded with the Department of Finance last week. That comes out to about $5,736 per square foot. Madison Equities, Thor Equities and Building and Land Technology developed the 24-story luxury condominium property. Douglass Elliman represented the buyer, and Cushman & Wakefield the sellers.

2.) Previti & Associates sold a 60-unit multifamily property in Astoria for $25 million, which prices out to $478 per square foot, said the seller’s broker, Evi Angelakis of Golden Key Realty Group. It was the first time the building, located at 28-15 34th Street, had traded hands in 60 years, Angelakis said. The buyer was 66/68 N6 Realty Corp., represented by Tom Bouklis of the Boulkis Group.


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

Here’s what the $10M-$30M NYC investment sales market looked like last week
Charles Rettig, Commissioner of the IRS (Getty)

Opportunity Zone rule change seeks to entice foreign investors

Opportunity Zone rule change seeks to entice foreign investors
The proposal to rezone Industry City in Brooklyn was unveiled five years ago, but collapsed under political pressure (Courtesy of Industry City)

Here’s how Industry City’s controversial rezoning unraveled

Here’s how Industry City’s controversial rezoning unraveled
Tom Barrack and Mahmood Khimji (Getty)

Colony sells most of its hotel biz to Highgate in $2.8B deal

Colony sells most of its hotel biz to Highgate in $2.8B deal
731 Lexington Avenue and 410 East 61st Street (inset) with Vornado's Steve Roth (Googel Maps; VNO)

Home Depot eyes former Bed Bath & Beyond space on First Ave

Home Depot eyes former Bed Bath & Beyond space on First Ave
Ian Schrager and the Pulic Hotel at 215 Chrystie Street (Getty; Google)

$60M mezz loan on Ian Schrager’s Public Hotel is for sale

$60M mezz loan on Ian Schrager’s Public Hotel is for sale
J.C. Penney at the Westfield South Shore mall in Long Island and  J.C. Penney CEO Jill Soltau (Google Maps; Getty)

J.C. Penney to keep Bay Shore outpost open for now

J.C. Penney to keep Bay Shore outpost open for now
Signature Bank CEO Joseph DePaolo and New York Community Bank CEO Joseph Ficalora (Photos via Getty; Facebook; iStock)

NYC’s multifamily lenders see shares tumble in 2020

NYC’s multifamily lenders see shares tumble in 2020
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...