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

Sales include five Manhattan commercial condo units that went for $17 million

TRD New York /
Oct.October 09, 2019 04:00 PM
From left: 305 East 47th Street and 286 River Avenue (Credit: Google Maps)

From left: 305 East 47th Street and 286 River Avenue (Credit: Google Maps)

Commercial condo units changed hands at a medical building in Midtown, and Toby Moskovits moved forward with her first project in the South Bronx. Here are the two New York City mid-market investment sales that were made public last week.

1. The medical company Surgicore purchased five commercial condo units at 305 East 47th Street in Turtle Bay for $17 million, according to property records. The firm bought the Manhattan properties from Thorne Lau Chin LLC. The building is home to the Midtown Surgery Center. Surgicore purchased units 1-B, B-2, B-3, B-8 and C.

2. Toby Moskovits’ Heritage Equity Partners purchased a Bronx warehouse at 286 Rider Avenue for $10 million from Robert Newblatt. Moskovits bought the Mott Haven property with her business partner Michael Lichtenstein. They plan to demolish the warehouse and replace it with a 140-unit, 120,000-square-foot rental building for their first project in the South Bronx, according to the Commercial Observer. Daniel Rahmani and Michael Saidian of Capital Property Partners brokered the deal.


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
1065-1075 Gerard Avenue in the Bronx 

Prana pays Related $36M in Bronx multifamily play

Prana pays Related $36M in Bronx multifamily play
448 East 143rd Street in the Bronx (Credit: Google Maps)

Private developer’s NYCHA project in Mott Haven lands $79M in financing

Private developer’s NYCHA project in Mott Haven lands $79M in financing
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
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
520 West 28th Street (Wikipedia)

Related asked $50M for this penthouse. It went into contract for $25M

Related asked $50M for this penthouse. It went into contract for $25M
 The Qualtrics Tower at 1201 2nd Avenue in Seattle with Hana Financial CEO Kim Jung-tai and Skanska USA CEO Richard Kennedy (Google Maps)

$700M Seattle office tower buy would be among largest Covid-era property deals

$700M Seattle office tower buy would be among largest Covid-era property deals
arrow_forward_ios

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

Loading...