Gowanus trade biggest of six mid-market investment sales this week

Other purchases were in the Village, UES, Soho

New York /
Nov.November 22, 2019 05:00 PM
Clockwise from top left: 37 Perry Street, 595 Broadway, 1424-1428 Lexington Avenue, 204 Fourth Avenue and 93 North Ninth Street (Credit: Google Maps)

Clockwise from top left: 37 Perry Street, 595 Broadway, 1424-1428 Lexington Avenue, 204 Fourth Avenue and 93 North Ninth Street (Credit: Google Maps)

Six mid-market investment sales in New York City were made public this week. The most notable was a nearly $30 million deal in Gowanus, with Avery Hall Investments buying 204 Fourth Avenue ahead of an anticipated neighborhood rezoning. Here are the details.

  1. Avery Hall Investments bought 204 Fourth Avenue in Gowanus from gas station chain Speedway for $29.75 million. Avery Hall is partnering with Gindi Capital at the site. They plan to build a 17-story building with between 150 and 200 units.
  2. An LLC purchased 37 Perry Street in Greenwich Village for $19.25 million. The four-story building contains four residential units that have rented for between $5,200 and $6,400 per month, according to StreetEasy. The seller was Perry and Sailor LLC.
  3. Ashkenazy Acquisition Corp. sold 1424-1428 Lexington Avenue on the Upper East Side to an LLC for $18 million. The five-story building contains nine units, which have rented recently for $3,850 to $6,800 per month, according to StreetEasy.
  4. Thor Equities sold 93 North Ninth Street in Williamsburg to an LLC linked to Brian Donnelly for $17 million. The one-story retail building spans 12,000 square feet.
  5. An LLC purchased 595 Broadway in Soho for $16.2 million from Seth Hauser. The mixed-use building has five stories and 30,000 square feet with eight residential units.
  6. Joseph Riegler bought 333-335 Irving Avenue in Bushwick for $11.5 million from 6 Fishes LLC. The commercial sites have a combine 19,950 square feet.

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