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.


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
A rendering of 121 Morgan Avenue in Bushwick and Benefit Street Partners’ managing director Micah Goodman (Photos via EXR; Benefit Street Partners)

Brooklyn developer duo hit with foreclosure lawsuit

Brooklyn developer duo hit with foreclosure lawsuit
76 Schermerhorn Street and 378 5th Street in Brooklyn (Photos via The Symon and StreetEasy)

It’s just one week, but Brooklyn luxury contract signings fell 50%

It’s just one week, but Brooklyn luxury contract signings fell 50%
Tom Barrack and Mahmood Khimji (Getty)

Colony sells most of its hotel biz to Highgate in $2.8B deal

Colony sells most of its hotel biz to Highgate in $2.8B deal
Photo illustration of the Williamsburg Bridge (Getty, iStock) 

As Manhattan struggles, Brooklyn’s sales market is “booming”

As Manhattan struggles, Brooklyn’s sales market is “booming”
A rendering of 556 West 22nd Street (Photo by BASIS Independent Schools)

Private school to expand in former Chelsea Art Museum building

Private school to expand in former Chelsea Art Museum building
Blackstone Real Estate Debt Strategies' Jonathan Pollack (Blackstone; iStock)

Blackstone assembles biggest real estate debt fund ever

Blackstone assembles biggest real estate debt fund ever
From left: 180 West 81st Street in Upper West Side, 15-30 130th Street in College Point; 5002 13th Avenue in Borough Park (Google Maps)

Manhattan sees first September i-sale with UWS mixed-use building

Manhattan sees first September i-sale with UWS mixed-use building
arrow_forward_ios

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

Loading...