The Real Deal New York

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
By Mary Diduch | January 29, 2019 04:00PM

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.