Raymour & Flanagan purchase tops week’s mid-market investment sales

Furniture company bought two-story commercial building in Elmhurst

TRD New York /
Dec.December 09, 2019 02:45 PM
From left: 86-08 Queens Boulevard, 169 First Avenue and 3540 Decatur Avenue (Credit: Google Maps)

From left: 86-08 Queens Boulevard, 169 First Avenue and 3540 Decatur Avenue (Credit: Google Maps)

A pair of $14 million deals — in Elmhurst and in the East Village — were among the five mid-market investment sales in New York City made public last week. Here are the details.

  1. The furniture company Raymour & Flanigan purchased a two-story commercial building at 86-08 Queens Boulevard in Elmhurst for $14 million. The business purchased the property from Seaman Partners, a real estate company based in Jericho, N.Y. The building spans 10,350 square feet.
  2. Ellemark Management purchased a pair of adjacent mixed-use buildings at 169 and 171 First Avenue in the East Village for $14 million. The property at 169 First Avenue is three stories and has one residential unit, while 171 First Avenue stands five stories and has four apartments. Ellemark purchased the buildings from MIB Real Estate Enterprises.
  3. Yonkers-based 1394 B.P.R. Realty bought a six-story, 69-unit apartment building at 3540 Decatur Avenue in the Bronx for about $11.5 million. The company bought it from Bob-Al Management. The property spans about 67,000 square feet.
  4. Sfikas Realty Group purchased a five-story apartment building at 523-525 East 88th Street in Yorkville for about $11.3 million. The apartment building contains 39 units and spans about 21,500 square feet. Sfikas purchased the building from Binro Realty Corp.
  5. An LLC linked to the law firm Goulston & Storrs bought a pair of commercial condo units at 445 Fifth Avenue from the New York Public Library for about $10.8 million.

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
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
 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
Carlyle CEO Kewsong Lee and 24-02 Queens Plaza South in Long Island City (Getty; Atlas Capital)

Carlyle Group pockets $40M LIC trade school building

Carlyle Group pockets $40M LIC trade school building
“I believe in the future of Downtown Los Angeles”: Silverstein closes US Bank Tower buy

“I believe in the future of Downtown Los Angeles”: Silverstein closes US Bank Tower buy

“I believe in the future of Downtown Los Angeles”: Silverstein closes US Bank Tower buy
Onyx Equities' Jonathan B. Schultz (left) and John Saraceno, Jr. with 7 Sylvan Way (right) and 8 Campus Drive in New Jersey (Onyx Equities)

Onyx Equities acquires massive New Jersey office portfolio for $160M

Onyx Equities acquires massive New Jersey office portfolio for $160M
Clockwise from left: 950 University Avenue in the Bronx, 27-55 Jackson Avenue in Queens, 149 Pioneer Street in Red Hook and 416 Metropolitan Avenue in Williamsburg (Google Maps)

EB-5 investor snags Hunters Point resi development: Mid-market sales report

EB-5 investor snags Hunters Point resi development: Mid-market sales report
arrow_forward_ios

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

Loading...