Another deal from Dynamic Star–led by Brad Zackson, Gary Segal and Penny Lee–for its Fordham Landing project leads The Real Deal’s latest roundup of mid-market investment sales. Other deals included a commercial building in Clinton Hill and a medical office building in Hudson Heights. Here are the details:
- Dynamic Star closed on an 11-acre waterfront parcel in the Bronx, which it bought from CSX Real Estate for $31.75 million. The land is addressed at 2475 Exterior Street, and it is the largest development site in Dynamic Star’s Fordham Landing assemblage. The property previously served as a convenience spur for CSX freight service and was more recently used as a salt storage facility by Akzo Nobel Salt. Fordham Landing is a massive development that Dynamic Star is planning along the Bronx waterfront that would include affordable and market rate housing, a public school, a life sciences research center and an urban farm, among many other features.
- The Daten Group bought a one-story commercial building at 540-554 Waverly Avenue in Brooklyn’s Clinton Hill neighborhood for $17.25 million from Verizon New York. The company is planning to build a nine-story mixed-use property on the lot.
- Healthcare Trust of America bought a two-story medical office building from the Health Insurance Plan of Greater New York for about $11.7 million. The property is located at 4337 Broadway in Manhattan’s Hudson Heights neighborhood. It spans just under 11,000 square feet, according to the city.