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

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.


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