Mid-market investment sales trickle to 1 deal

A 40-unit building on UWS was lone sale in that sector last week

New York /
Aug.August 10, 2020 05:15 PM
 229 West 105th Street (Google Maps)

229 West 105th Street (Google Maps)

There was just one investment sale recorded in the $10 million to $30 million range in the city last week, as the five boroughs continue to slog through a rough period. The week before, just two properties in that price range traded.

The lone mid-market sale last week was a 40-unit apartment building on the Upper West Side, at 229 West 105th Street.

Delf Estates CEO Adam Kaufman sold the six-story, 42,000-square-foot building for $10 million, according to records. The buyer was Jeffrey Farkas via 105 Partners LLC.

Santander Bank provided a $6.7 million acquisition loan arranged by Michael Kesselman of Meridian Capital. Delf Estates had owned the building since at least 1967. The property was built in 1925.

Contact Orion Jones at [email protected]


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