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]


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
Real Capital Analytics data showed that New York’s multifamily market had a very slow July. (Credit: iStock)
New NYC rent law “beginning to shut down investment”
New NYC rent law “beginning to shut down investment”
Numbers were down across the board (Credit: iStock)
New York’s multifamily market had its slowest first half of the year since 2011
New York’s multifamily market had its slowest first half of the year since 2011
Pandemic forces mom-and-pop landlord to sell out
Pandemic forces mom-and-pop landlord to sell out
Pandemic forces mom-and-pop landlord to sell out
Chinese developer willing to sell Manhattan supertall site at big loss
Chinese developer willing to sell Manhattan supertall site at big loss
Chinese developer willing to sell Manhattan supertall site at big loss
79 Clifton Place, 80-01 37th Avenue, 45 East Mosholu Parkway North (LoopNet, Google Maps)
Residential dealmakers storm city’s investment sales market
Residential dealmakers storm city’s investment sales market
HUBB’s John McCarthy and with 510 East 88th Street and 181-199 Columbus Avenue (Google Maps)
HUBB NYC doubles down on Manhattan apartments
HUBB NYC doubles down on Manhattan apartments
HAP Investments CEO Eran Polack and 215-225 West 28th Street (HAP)
HAP sells stake in Chelsea apartments in deal valuing project at over $500M
HAP sells stake in Chelsea apartments in deal valuing project at over $500M
arrow_forward_ios

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

Loading...