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

Closed deals included a four-story warehouse in Brownsville for $21M

New York /
Oct.October 28, 2019 07:00 AM
2018 Avenue U and 252 Newport Street in Brooklyn (Credit: Google Maps)

2018 Avenue U and 252 Newport Street in Brooklyn (Credit: Google Maps)

Four mid-market investment sales in New York City were made public last week, including Kayne Anderson’s roughly $21 million purchase of a four-story warehouse in Brownsville and Jeon America’s $10.5 million purchase of a five-story office building in Koreatown. Here are the details.

  1. An LLC linked to Kayne Anderson Capital Advisors bought a four-story warehouse at 252 Newport Street in Brownsville for $20.75 million from an LLC linked to the Davis Companies. Kayne Anderson previously purchased a former Jehovah’s Witnesses property in Brooklyn Heights for $200 million.
  1. An LLC purchased a one-story warehouse in East Williamsburg at 418-450 Johnson Avenue and 79 Ingraham Street from LLCs linked to Christine Harper for $13.3 million.
  1. Jeon America Inc. bought a five-story office building at 42 West 28th Street in Manhattan for $10.5 million from Uk Choi’s Legend Corp. The property spans about 42,000 square feet.
  1. A quartet of LLCs bought 2018 Avenue U in Sheepshead Bay from Crown Acquisitions for $10.3 million. The purchase consisted of a one-story commercial building and parking lot.

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