Here’s what the $10M-$30M NYC investment sales market looked like last week

Abraham Sanieff-linked entity buys in Greenwich Village

TRD New York /
Sep.September 05, 2019 08:15 AM
Clockwise from top left: 162 West 13th Street, 325 Avenue Y in Brooklyn, 1281 Viele Avenue in the Bronx (Credit: Google Maps)

Clockwise from top left: 162 West 13th Street, 325 Avenue Y in Brooklyn, 1281 Viele Avenue in the Bronx (Credit: Google Maps)

New York City’s recent mid-market commercial deals spanned from a school in Gravesend buying a nearly $19 million property off Avenue Y to a one-story commercial property in Hunts Point selling for $13 million. Here are the details, per property records filed last week with the New York City Department of Finance.

1.) A Greenwich Village mixed-use building at 162 West 13th Street traded for about $22.5 million. First Republic Bank provided a $12 million mortgage to the buyers, two companies linked to Abraham Sanieoff. Seller Harran Holding Corp. had owned the building for decades. The six-story property measures almost 23,000 square feet and has 32 apartments. Earlier this summer, another Sanieoff-controlled entity picked up two adjacent buildings in the East Village for about $20 million.

2.) Yeshivat Darche Eres Inc. acquired 325 Avenue Y near Shell Road in Gravesend for $18.5 million. The yeshiva obtained $18.5 million in financing from Israel Discount Bank of New York. The seller of the four-story commercial building was Midyan Gate Realty No. 3 LLC.

3.) In the Hunts Point section of the Bronx, a one-story, 40,000-square foot commercial building at 1281 Viele Avenue sold for $13 million. The seller of the property, located between Coster and Faile Streets, was a partnership between M.B. Trucking Company and Hunts Point Energy Corp. The buyer was 1281 Viele LLC, with Jack Guttman as manager.

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