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

Bruman Realty buys an Astoria development site for $11.5M

TRD New York /
Jan.January 30, 2019 08:00 AM

47-20 30th Street in Long Island City (Credit: Google Maps)

In the world of mid-market New York City investment sales, an Astoria development site was one of the transactions that hit public records last week.

1.) In the biggest sale of last week in the $10 million to $20 million range, an entity connected to investor Jacob Schwimmer sold a parcel between Boynton and Morrison Avenues in the Bronx for $18.5 million. An LLC tied to developer Bernard Jacobowitz was the buyer.

2.) In Astoria, an industrial development site comprised of two tax lots at 26-24 4th Street traded for $11.5 million. Bruman Realty bought the site from LAC Realty Corp. Alfonso Holloman of Lee & Associates NYC arranged the sale of the roughly 25,500-square-foot site for both parties. The tax lots are zoned residential but a 20,000-square-foot warehouse sits on one of the lots; the other is vacant land. The parcels allow for a building of just under 68,000 square feet, according to a press release from Lee & Associates.

3.) A 30,000-square-foot industrial building at 47-20 30th Street in Long Island City sold for $13.4 million. Sunrise Asset Holdings Co., which property records list its president as Weisheng Chen, bought the site. The seller was Jomeira Realty, with Jodi Ehren as manager.


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
(Photos by Sylvia Varnham O'Regan, Getty)

After looting, BIDs reverse guidance on boarding up stores

After looting, BIDs reverse guidance on boarding up stores
“5 years ago, people would say, what’s a TikTok?” Bill Rudin on why NYC’s office market may be more resilient than you think

“5 years ago, people would say, what’s a TikTok?” Bill Rudin on why NYC’s office market may be more resilient than you think

“5 years ago, people would say, what’s a TikTok?” Bill Rudin on why NYC’s office market may be more resilient than you think
Clockwise from bottom left: Robert Reffkin of Compass, John Gomes, Scott Rechler of RXR Realty, Rich Barton of Zillow, Gary Keller of Keller Williams and Don Peebles of The Peebles Corporation (Getty)

“America is in crisis:” Real estate leaders address George Floyd protests

“America is in crisis:” Real estate leaders address George Floyd protests
A mass timber project in Cleveland is now under construction and could be the nation’s tallest when completed. Harbor Bay Real Estate Advisors’ Intro development will rise nine stories with 298 residential units (Credit: Harbor Bay Real Estate Advisors)

Mass timber project in Cleveland could be nation’s tallest

Mass timber project in Cleveland could be nation’s tallest
Joy Construction’s Eli Weiss (left), Maddd Equities’ Jorge Madruga (top), and Drew Katz with 20 Bruckner Boulevard in the Bronx (Getty; Google Maps)

“Dream” comes true for long-vacant Bronx ice house

“Dream” comes true for long-vacant Bronx ice house
Lexington Ave. on May 03, 2020 (Credit: Roy Rochlin/Getty Images)

NYC sees second week with no mid-market deals since onset of pandemic

NYC sees second week with no mid-market deals since onset of pandemic
“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space

“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space

“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space
arrow_forward_ios

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

Loading...