HFZ assemblage play leads New York’s mid-market investment sales

Company purchased three properties on the Upper East Side for a total of about $49M

TRD New York /
Mar.March 16, 2020 08:00 AM
150-152 East 79th Street (Credit: Google Maps)

150-152 East 79th Street (Credit: Google Maps)

There were four properties that traded in New York’s mid-level investment sales market last week: a trio of adjacent sites on the Upper East Side and a warehouse in Brooklyn. Here are the details:

1. HFZ Capital bought 150-152 East 79th Street on the Upper East Side for about $30.5 million from Montrose Lexington Associates. Both mixed-use properties stand four stories tall with two residential units, according to the city. The purchase appears to be part of an assemblage play HFZ has been working on since at least 2017, when the firm purchased 1131 Lexington Avenue for $7.1 million. In 2018, the firm bought 1135 Lexington Avenue for $22.5 million.

2. HFZ also purchased 154 East 79th Street on the Upper East Side as part of its potential assemblage play for $18.65 million. The company bought the four-story mixed-use building from a Manhattan-based LLC. It contains three residential units and spans 4,080 square feet, according to the city.

3. A New Mexico-based LLC bought a one-story warehouse in Williamsburg for $18.2 million from Kevsta Inc. The property at 167-171 North First Street spans 13,860 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

Here’s what the $10M-$30M NYC investment sales market looked like last week
 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
From left: Embassy Suites at 60 West 37th Street, Ashford Hospitality Trust CEO Douglas Kessler, Magna Hospitality Group CEO Robert Indeglia and Royalton Hotel at 44 West 44th Street (Ashford, Magna Hospitality, Google Maps)

Royalton, Garment District hotels sell at discounts

Royalton, Garment District hotels sell at discounts
2870 Ocean Avenue and Isaac Chetrit, and 936 Home Street (Google Maps) 

Chetrit family’s dev site buy tops weekly mid-market sales

Chetrit family’s dev site buy tops weekly mid-market sales
arrow_forward_ios

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

Loading...