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

A high school buys its building for $14M

New York /
Mar.March 19, 2019 02:30 PM

242 Hoyt Street in Brooklyn and 22-04 Collier Avenue in Far Rockaway (Credit: Google Maps)

In Brooklyn, a charter school purchased its four-story building and Irving Langer sold in Far Rockaway. Here are the details on last week’s mid-market investment sales around New York City, according to records filed with the city’s Department of Finance.

1. New Dawn Charter Schools bought 242 Hoyt Street, the site of its Boerum Hill high school, for $14 million. The seller was decades-long owner Ulbern Realty, LLC, with Edward Lubin as member, according to property records.

2. Irving Langer’s E&M Associates sold an apartment building at 22-04 Collier Avenue in Far Rockaway to Residential Management for $13.51 million. The property, which Langer had acquired in 2014 for $8 million, stands six stories tall and has 60 units. Signature Bank provided $9.75 million in financing for the deal.


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
The HSBC Tower (Google)
Andrew Chung’s Innovo Property Group grabs HSBC building in Bryant Park
Andrew Chung’s Innovo Property Group grabs HSBC building in Bryant Park
Marcelo Claure (Credit: Getty Images)
The $2 billion man? Marcelo Claure seeks top pay from SoftBank
The $2 billion man? Marcelo Claure seeks top pay from SoftBank
Mustang, Texas is now owned by billionaire Mark Cuban. (J Elmer Turner Realtors, Inc.)
Mark Cuban buys a Mustang (well, a town called Mustang) in Texas
Mark Cuban buys a Mustang (well, a town called Mustang) in Texas
Rendering of Inspire Entertainment Resort (Mohegan Gaming & Entertainment)
Mohegan Gaming completes financing for first phase of South Korea project
Mohegan Gaming completes financing for first phase of South Korea project
Taconic, Nuveen pay $70M for UES office building
Taconic, Nuveen pay $70M for UES office building
Taconic, Nuveen pay $70M for UES office building
Almost half of NYC buildings received either a D or F grade (Getty)
48% of NYC buildings fail on energy efficiency
48% of NYC buildings fail on energy efficiency
Durst Organization Chairman Douglas Durst and Port Authority Chairman Kevin O’Toole (Getty, O'Toole Scrivo)
1 WTC set for $700M refinancing
1 WTC set for $700M refinancing
arrow_forward_ios

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

Loading...