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

Ken Fishel sells 6-story walk-up for $21M

TRD New York /
Feb.February 25, 2019 11:00 AM

Ken Fishel of Renaissance Properties and 35 Bedford Street (Credit: Getty Images and Google Maps)

Renaissance Properties sells another investment property, this time for $21 million, and a development site trades hands for roughly $23 million, according to public documents recorded with the New York City Department of Finance last week.

1. A six-story apartment building at 35 Bedford Street in the West Village traded for $21 million in a deal that closed Jan. 24. The buyer was Benchmark Real Estate Group, which secured $12.5 million in financing, including a $7.8 million gap mortgage, from Metropolitan Commercial Bank. The seller was Ken Fishel’s Renaissance Properties, which had owned the building since the early 1980s. Rosewood Realty Group’s Aaron Jungreis brokered the deal. The property has 33 residential units and three retail spaces. Benchmark’s buy marked a turn for the firm, which had sold about $400 million worth of holdings from 2015 to 2017. Meanwhile, Renaissance Properties sold another downtown Manhattan building to the Sabet Group for about $23.3 million.

2. Manufacturer Ko-Rec-Type, founded by Victor Barouh, parted with one piece of its portfolio near the Williamsburg waterfront for $23 million. The parcel sits at 96 North 10th Street, across the street from a larger development site that previously had been on the market. Three brokerages — now-shuttered Eastern Consolidated, Marcus & Millichap and JLL — had marketed the North 10th Street site over the past year. It’s the site of a two-story, 45,000-square-foot industrial building. An entity called “96 North 10th Street Holdings LLC” that names Eliyahu Zev Kohn as manager bought the property and secured an $8 million mortgage from “Confidential Lending LLC.”


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
Andrew Florance, CEO of CoStar (Photo by Jeffrey MacMillan for the Washington Post)

EXCLUSIVE: CoStar’s Andy Florance on buying Ten-X, the future of office buildings and why brokers don’t need discounts

EXCLUSIVE: CoStar’s Andy Florance on buying Ten-X, the future of office buildings and why brokers don’t need discounts
An institutional investor’s sale of a 7 percent stake in an exchange-traded real estate fund reveals deep concerns about the sector. (Credit: iStock)

Mystery investor dumps big stake in real estate fund

Mystery investor dumps big stake in real estate fund
Joseph Chetrit and 118 East 76th Street (Credit: Sylvain Gaboury/Patrick McMullan via Getty Images, Google Maps)

Joseph Chetrit’s townhouse sale led mid-market NYC deals last week

Joseph Chetrit’s townhouse sale led mid-market NYC deals last week
Thor Equities’ big bet on Fulton Market is paying off

Thor Equities’ big bet on Fulton Market is paying off

Thor Equities’ big bet on Fulton Market is paying off
CEO Andrew Florance (Credit: CoStar via YouTube)

CoStar buying Ten-X for $190M

CoStar buying Ten-X for $190M
Jason Meister (Photo by Gonzalo Marroquin/Patrick McMullan via Getty Images)

Ackman-Ziff’s Jason Meister moves to new firm

Ackman-Ziff’s Jason Meister moves to new firm
Small landlords, such as Jan Lee, a New York landlord who owns two buildings, say Wall Street players will take their place unless rent relief comes soon. (Credit: Twitter; background via BRYAN R. SMITH/AFP via Getty Images)

Small landlords call for rent relief package, fearing Wall Street takeover

Small landlords call for rent relief package, fearing Wall Street takeover
arrow_forward_ios

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

Loading...