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

A Brooklyn industrial building sold for $22M

TRD New York /
Sep.September 18, 2019 12:45 PM
145-65 Wolcott Street in Brooklyn, 3428 Park Avenue in the Bronx and 20 East 35th Street (Credit: Google Maps)

145-65 Wolcott Street in Brooklyn, 3428 Park Avenue in the Bronx and 20 East 35th Street (Credit: Google Maps)

Last week in New York City mid-market investment sales, a Bronx multifamily portfolio changed hands for $14 million and a commercial condominium unit in Murray Hill went for $17 million. Here are the details on the city’s recent trades filed with the Department of Finance.

1.) In Red Hook, an industrial building at 145-65 Wolcott Street and two nearby lots traded for $21.5 million. Seller Gregory Iovine sold the single-story asset to W-G Capital Advisors, according to Commercial Observer, which first reported the sale.

2.) Rose Associates sold a commercial condo at the Goodhue House, 20 East 35th Street in Murray Hill, for $16.8 million. The buyer was an LLC tied to Hubb NYC. Situated between Madison and Park avenues, the pre-war building is 15 stories tall and has 166 residential units.

3.) The Morrisania Housing Development Fund Corporation and an LLC linked to Long Island City-based Workforce Housing Group picked up a portfolio of apartment buildings in the Morrisania section of the Bronx for about $13.97 million. The seller was KDA Realty Owner Owner LP. The transaction covers 12 parcels including 581 East 164th Street, 3428 Park Avenue and 915 Prospect Avenue. PincusCo first reported the transaction.


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