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New York

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

Sales include a South Bronx warehouse that went for $11.6 million

Clockwise from top left: 2-34 Beach 102nd Street in Far Rockaway, 175 Canal Street West in Mott Haven, 102 Fulton Street, and 71 Smith Street in Boerum Hill (Credit: Google Maps and StreetEasy)
Clockwise from top left: 2-34 Beach 102nd Street in Far Rockaway, 175 Canal Street West in Mott Haven, 102 Fulton Street, and 71 Smith Street in Boerum Hill (Credit: Google Maps and StreetEasy)

1. David Ciampietro purchased a one-story warehouse at 175 Canal Street West in Mott Haven for about $11.6 million, according to property records. He purchased the property from Victor Weingarten. Both the buyer and seller operated through LLCs.

2. A group of four LLCs purchased an office building at 2-34 Beach 102nd Street in Far Rockaway for $11.25 million from the Cantanese family. The building contains three units and encompasses about 47,000 square feet.

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3. The development firm Flank Inc. purchased three commercial condo units at 71 Smith Street and 140 Schermerhorn Street in Boerum Hill from the Carlyle Group for $14 million. Flank and Carlyle in 2012 spent $38.2 million for the site, which is now home to the Hilton Brooklyn. Flank bought Carlyle out of the hotel in 2016 for $88 million.

4. HUBB NYC purchased three commercial condo units at 102 Fulton Street in Lower Manhattan. The company bought the units from YL Real Estate Developers. The mixed-use property also includes 14 residential units and is known as the Fulton Chambers building.

5. A trio of LLCs purchased 4915 Flatlands Avenue in Flatlands, Brooklyn, for $12.8 million from Sunco Realty. The one-story commercial building spans about 13,000 square feet.

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BrooklynInvestment SalesReal Estate Investment