Brad Zackson’s Dynamic Star closed on another parcel for its $3.5 billion Fordham Landing project, and a trio of Greenpoint buildings traded hands for $29 million in the mid-market investment sales made public this week. Here are the details:
1. An LLC linked to investor Alberto Smeke Saba purchased three Brooklyn apartment buildings for $29 million from Red Brick Properties. The buildings are located in Greenpoint at 107, 111 and 115 Greenpoint Avenue. ReadyCap Commercial provided about $24 million in financing for the purchase. The buildings are all four stories tall and contain a total of 52 residential units.
2. SNL Development bought 1426-1490 39th Street in Borough Park from Acierno Garage Corp. for $15 million. Daniel Rahmani and Claire Johnson of Capital Property Partners brokered the off-market deal. The commercial building stands two stories tall and spans 3,200 square feet.
3. Dynamic Star, run by Brad Zackson, Gary Segal and Penny Lee, closed on another waterfront parcel for its Fordham Landing project in The Bronx. The company purchased 2371 Exterior Street from for $12 million. The site spans 44,000 square feet and includes 180 feet of frontage along the Harlem River. The current operator is Fordham Scrap Metal Inc. Dynamic Star is ultimately planning a $3.5 billion project in the neighborhood that will include housing, a public school, an e-sports arena, office space and more across 40 acres of land.