Jeff Sutton deal in Brooklyn leads mid-market investment sales

Wharton Properties paid about $12M for HSBC location in Midwood

TRD NEW YORK /
Feb.February 10, 2020 11:30 AM
Clockwise from left: 273 Church Street, 100 Livingston Street, 1135 Boynton Avenue and 1600 Kings Highway with Jeff Sutton (Credit: Google Maps)

Clockwise from left: 273 Church Street, 100 Livingston Street, 1135 Boynton Avenue and 1600 Kings Highway with Jeff Sutton (Credit: Google Maps)

The $11.75 million sale of a two-story bank in Midwood led New York’s mid-market investment sales last week. Other deals included a six-story multifamily building and a four-story office. Here are the details:

Jeff Sutton’s Wharton Properties purchased a two-story bank from HSBC at 1600 Kings Highway in Midwood for $11.75 million. The financial giant has four Brooklyn branches — in Brooklyn Heights, Park Slope, Boerum Hill and Williamsburg, according to its website.

Prilep Properties bought a multifamily building in the Bronx at 1135 Boynton Avenue for $10.9 million from a trio of New York-based LLCs. The Soundview property stands six stories with 83 units across 86,190 square feet, according to the city.

An LLC linked to the real estate law firm Getler & Gomes bought a four-story office building in Brooklyn Heights for $10.5 million from ACHS Management. The property at 100 Livingston Street spans 12,681 square feet with three units, according to the city.

A Manhattan-based LLC purchased 273 Church Street in Tribeca for $10.5 million from 273 Church Street Associates. The mixed-use building stands four stories tall and includes residential and commercial space across about 7,800 square feet, according to the city.


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

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

GIC CEO Lim Chow Kiat with Industry City (Credit: Industry City, GIC)

Singapore sovereign wealth fund buys stake in Industry City

arrow_forward_ios
Loading...