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.


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

Real Capital Analytics data showed that New York’s multifamily market had a very slow July. (Credit: iStock)

New NYC rent law “beginning to shut down investment”

Numbers were down across the board (Credit: iStock)

New York’s multifamily market had its slowest first half of the year since 2011

308 West 82nd Street and Real Capital Analytics founder Robert M. White Jr. (Credit: Google Maps)

Real Capital Analytics’ founder buys UWS building, leading last week’s I-sales

166 Berry Street in Brooklyn and Wharton Properties’ Jeff Sutton (Credit: Google Maps)

Jeff Sutton pays record price in Williamsburg: brokers

Community Renewal CEO RuthAnne Visnauskas and Citywide Support director Dino Panagoulias  NYS Homes (Credit: LinkedIn, iStock)

Landlords lob another lawsuit at new rent law

Softbank CEO Masayoshi Son (Credit: Getty Images)

SoftBank’s $3B payout to WeWork’s investors is delayed

29-28 41st Street, and from left: Arik Lifshitz Amit Doshi, Adan Elias Kornfeld, Jonathan Shainberg and David Schechtman (Credit: Google Maps)

Long Island City building fetches $47M in wake of rent law

arrow_forward_ios