Benchmark picks up UES building; SNL snares Bronx warehouse

Mixed-use in Lenox Hill, warehouse in the Bronx close the month

New York /
Mar.March 03, 2021 09:00 AM
Benchmark's Jordan Vogel with 826 Madison Avenue (top) and 581 Austin Place (Linkedin, Google Maps)

Benchmark’s Jordan Vogel with 826 Madison Avenue (top) and 581 Austin Place (Linkedin, Google Maps)

Two investment sales between $10 million and $30 million closed during the last week of February — one in Manhattan and one in the Bronx — for a combined $24.3 million. The week prior saw one such sale. Here are the details for the two deals in the week ending Feb. 26.

1. Benchmark Real Estate Group purchased a 9,100-square-foot, mixed-use building at 826 Madison Avenue in Lenox Hill for $12.5 million. Jordan Vogel signed for the buyer. Sprayregen Real Estate Advisors was the seller via Bicent Properties LLC. Alice Netter signed for the seller.

Sprayregen Real Estate Advisors provided Benchmark with $5.5 million in financing.

2. SNL Development purchased a warehouse at 581 Austin Place in Mott Haven for $11.8 million in an off-market deal, and plans to bring self-storage units to the building.

The seller was the Paladino Realty Corporation. Joseph Barretta and Max Rather of Metro Net Realty brokered the transaction.





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