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

1065-1075 Gerard Avenue in the Bronx 

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

Renderings of Central Park Tower (Credit: Extell)

Inside Extell’s private club for the 0.1%

Stockholm, Sweden (Credit: iStock)

Why institutional investors are now in love with Nordic real estate

Investment sale dollar volume in Brooklyn fell 30% in 2019, the biggest drop since the financial crisis. (Credit: iStock)

Brooklyn i-sales see biggest drop since financial crisis

Brad Zackson and 2475 Exterior Street (Credit: Google Maps)

Another Brad Zackson deal tops NY’s mid-market investment sales

The sites at 1900 Shore Parkway, 1894 Shore Parkway along Bay 41st Street in Gravesend (Credit: Google Maps)

Abraham Fructhandler’s FBE buys South Brooklyn sites for $58M

arrow_forward_ios
Loading...