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

Related Fund Management sheds Bronx multifamily property for $12M

TRD New York /
Mar.March 06, 2019 03:00 PM

181 East 161st Street in the Bronx (Credit: Google Maps)

Last week’s mid-market investment sales world included a Bronx apartment trade and a Franciscan church in Harlem, according to property records filed with the city’s finance department.

1.) The Related Companies’ Related Fund Management parted with a six-story apartment building at 181 East 161st Street near Yankee Stadium in the Bronx for $11.6 million, after buying it in 2014 for $6.6 million. The buyer was 161 North Realty LLC, with Chaim Hirschfeld as signatory. Signature Bank provided $6.6 million in financing. The fund in December closed on its acquisition of a 10-story office building at 321 West 44th Street in Hell’s Kitchen for $152.5 million. The seller in that deal was Unizo Holdings.

2.) The Franciscan Handmaids of the Most Pure Heart of Mary, one of a few mostly black orders of nuns in the country, sold their long-time home at 15 West 124th Street in Harlem for $9.4 million. The buyer was an entity tied to Michael Dwyer. A team led by CBRE’s Daniel Kaplan brokered the sale. Also included in the deal was 21 West 124th Street next door, which houses the group’s nursery school. The order hopes to move to a smaller facility in the neighborhood, according to the New York Post.


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Real estate crowdfunding guru Grant Cardone misled investors, lawsuit charges

Real estate crowdfunding guru Grant Cardone misled investors, lawsuit charges

Real estate crowdfunding guru Grant Cardone misled investors, lawsuit charges
Kamala Harris and Joe Biden with Donald Trump (Getty; iStock)

Biden and Harris’ income tax filings shine light on their real estate holdings

Biden and Harris’ income tax filings shine light on their real estate holdings
(iStock)

ACLU accuses Missouri courts of violating federal eviction ban

ACLU accuses Missouri courts of violating federal eviction ban
Mallspats: Unibail-Rodamco sues LA County over retail closures

Mallspats: Unibail-Rodamco sues LA County over retail closures

Mallspats: Unibail-Rodamco sues LA County over retail closures
Economic Development Corporation CEO James Patchett (Getty; iStock)

EDC’s $58M in Times Square rent mostly sunk into ferries

EDC’s $58M in Times Square rent mostly sunk into ferries
arrow_forward_ios

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

Loading...