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

Joseph Brunner sells two Brooklyn parcels for $11M

New York /
Apr.April 10, 2019 01:30 PM
25 Stewart Avenue in Bushwick and 1623 Kings Highway in Midwood (Credit: Google Maps and Boss Equities)

25 Stewart Avenue in Bushwick and 1623 Kings Highway in Midwood (Credit: Google Maps and Boss Equities)

In the world of New York City mid-market investment sales, a Queens property traded between credit unions and Yoel Goldman bought in Bushwick, according to property records made public last week.

1. An entity tied to developer Yoel Goldman snapped up 25 Stewart Avenue in Bushwick, which at one point had been the site of a proposed hotel.  Longtime owners James Ruggiero and Louis Ruggiero sold the parcel, where a one-story commercial building once stood, for $14.3 million. New plans have yet to be filed with the building department.

2. For $18 million, the Interborough Developmental & Consultation Center, which provides mental health treatment services, bought the office building that houses its Midwood location at 1623 Kings Highway. Seller Lido Realty, with Zipporah Goldstein as manager, picked up the four-story building in 2016 for $17 million from New York REIT, according to property records. TD Bank provided $9.5 million in financing for that acquisition.

3. The Melrose Credit Union parted with its Queens outpost for $14.6 million. The buyer of the three-story property, with an address of 139-30 Queens Boulevard, was the Teachers Federal Credit Union, which already has a branch there.

4. An entity managed by Joseph Brunner’s Bruman Realty sold two parcels — at 1325 and 1337 Atlantic Avenue — in Brooklyn to another entity, tied to Steven Green, for about $10.8 million. Brunner’s LLC had bought them in 2016 for $7.8 million. The properties stand about a block from the Nostrand Avenue subway stop, between New York and Brooklyn Avenues and near a public school. A five-story, approximately 44,500-square-foot building stands at 1325 Atlantic Avenue.


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
Mack Real Estate Group's Richard Mack and JPMorgan's Jamie Dimon with a rendering of 123 Melrose Street (Credit: Getty Images and ODA Architecture)

Yoel Goldman sews up long-term funds for Rheingold Brewery Project

Yoel Goldman sews up long-term funds for Rheingold Brewery Project
Rabsky Group buying Gowanus parcel from Yoel Goldman for $95M: sources

Rabsky Group buying Gowanus parcel from Yoel Goldman for $95M: sources

Rabsky Group buying Gowanus parcel from Yoel Goldman for $95M: sources
258 8th Avenue (Google, Target)

Target planning yet another NYC store in Chelsea

Target planning yet another NYC store in Chelsea
Churchill Real Estate's Justin Ehrlich and 381 Broadway (Google Maps)

Two-year Tribeca foreclosure saga continues with lawsuit over $20M

Two-year Tribeca foreclosure saga continues with lawsuit over $20M
Adam America's Omri Sachs and Dvir Cohen with 2503-2509 Broadway (Google Maps; Adam America)

Adam America secures $63M in financing for Upper West Side project

Adam America secures $63M in financing for Upper West Side project
Convene CEO Ryan Simonetti (Convene)

Convene closes Manhattan locations as corporate events fail to return

Convene closes Manhattan locations as corporate events fail to return
New York City District Council of Carpenters’s Monitor Glen McGorty (iStock; LinkedIn)

NYC carpenters union changes how it roots out mob ties

NYC carpenters union changes how it roots out mob ties
arrow_forward_ios

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

Loading...