What’s this Utah biz doing in NYC? Topping our I-sales list

Last week’s deals also included Related purchase at 30 Hudson Yards

Dec.December 16, 2019 04:30 PM
Clockwise from top left: 114 Ridge Street, 780 East 135th Street, 30 Hudson Yards and 1274 Flushing Avenu (Credit: Google Maps)

Clockwise from top left: 114 Ridge Street, 780 East 135th Street, 30 Hudson Yards and 1274 Flushing Avenue (Credit: Google Maps)

Last week was a busy one for mid-market investment sales in New York. Highlights included a Utah-based storage company buying an industrial building in Crown Heights for almost $23 million and Related Companies buying another commercial condo in its 30 Hudson Yards building for about $17.2 million. Here are the details.

  1. Utah-based storage company Extra Space Storage bought a four-story industrial building at 155 Empire Boulevard in Crown Heights for about $22.8 million from LSC Development, a real estate company in Barrington, Ill. The building is slightly less than 62,000 square feet.
  2. A trio of LLCs linked to H Holding Group, Klosed Properties and Namdar Realty Group paid $17.5 million for a five-story warehouse at 780 East 135th Street in the South Bronx. They purchased it from a trio of LLCs linked to Bluestone Group and Princeton Holdings. The property spans 84,650 square feet.
  3. Related Companies bought a commercial condo unit at 30 Hudson Yards from the Metropolitan Transportation Authority for about $17.2 million. Related is the developer of the property and previously bought back WarnerMedia’s office condo in the building for about $2 billion.
  4. An LLC linked to Comfort Management bought a one-story commercial building at 1960 Broadway in Cypress Hills for $12.5 million from Danrich LLC. The building is about 6,500 square feet.
  5. Bushwick-based Juan Perez purchased a one-story warehouse at 1274 Flushing Avenue in the neighborhood for $12.35 million from Chiriac Holdings. The building spans about 21,000 square feet.
  6. iStar bought 110 and 114 Ridge Street on the Lower East Side for $10.5 million from Admiral Capital Group. The commercial building at 110 Ridge Street is one story and 1,900 square feet, and the building at 114 Ridge Street is seven stories and has 23 residential units and four commercial units across about 27,000 square feet.

Related Articles

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

2 Grand Central and from left Rockwood Capital's Walter Schmidt, Robert Gray and Peter Falco (Credit: iStock)

Rockwood looks to get nearly $600M for Grand Central office tower

RFR Realty's Aby Rosen, 900 Third Avenue, and Paramount's Albert behler (Credit: Getty Images, Google Maps)

Aby Rosen in talks to buy Paramount’s East Side tower for $400M

The Black Rock bulding at 51 West 52nd Street and Viacom CEO Bob Bakish (Credit: Google Maps, Getty Images)

The price is right? CBS asking more than $1B for Sixth Ave HQ

FM Capital's David Brecher and LIVWRK's Asher Abehsera with 160 Van Brunt (Credit: Google Maps)

Red Hook home of Tesla showroom up for sale

Clockwise from top left: 255 East 18th Street, 27-34 Jackson Avenue, 925 Prospect Place, 343 East 17th Street and 311 First Avenue (Credit: Google Maps)

Gramercy Park dev site leads New York’s mid-market investment sales

Infinity Real Estate's Steve Kassin and 1715 East 13th Street (Credit: Infinity Real Estate)

South Brooklyn mixed-use shopping portfolio trades for $165M

LA — not Manhattan — topped US investment sales in 2019

LA — not Manhattan — topped US investment sales in 2019