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

The city's school construction group buys in Dyker Heights, a Greenwich Village building trades

TRD New York /
May.May 14, 2019 08:00 AM
184-188 West 10th Street (Credit: Google Maps)

184-188 West 10th Street (Credit: Google Maps)

In the world of New York City’s mid-market investment sales, an apartment complex in Greenwich Village trades hands and Barone Management parted with a portion of its Dyker Heights development site.

1.) Barone Management sold a parcel on 13th Avenue in Dyker Heights to the New York School Construction Authority for $17.5 million, property records show. The plot sits within Barone’s 140,000-square-foot development site at 6301 12th Avenue, which Barone acquired in 2018 for $37.5 million. The development will have three buildings: the former orphanage on the site, the Angel Guardian Home for Children, will remain and become seniors housing; a new three-story residential building; and the new K-5 public school, which will have space for 600 students.

2.) An entity called “230W 4St LLC” bought a mixed-used building in Greenwich Village for $16.45 million, according to property records. The five-story property at 184-188 West 10th Street has 16 residential units and one commercial unit, and measures 12,500 square feet, pricing the deal at $1,136 per square foot. Tri-Star Equities Inc. will be managing the property. The seller was another limited liability corporation, with Lorraine Brue as a member, according to property records. Marcus & Millichap’s John Stewart had the listing.

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