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

A high school buys its building for $14M

TRD 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.

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