Brooklyn top sales

JPMorgan Chase’s purchase of the Hub topped the list of commercial property sales in Brooklyn in 2019. In that deal, Steiner NYC sold its majority stake at 333 Schermerhorn, the 55-story Downtown Brooklyn rental tower, for $253 million in March. The sale of the stake coincided with a $330 million refinancing of the property, one of the borough’s tallest residential buildings. The $330 million permanent loan comes from Nuveen Real Estate and replaces a $300 million construction loan provided by Bank of America in 2015 with participation by CIT Bank, Helaba, Santander and TD Bank.

Top Commercial Property Deals in Brooklyn in 2019

RankAddressSale DatePriceBuyerSeller
1327-333 Schermerhorn StreetMarch$253MJPMorgan ChaseSteiner NYC
250 21st StreetJanuary$214.2MBridge Development Partners, DH Property HoldingsThe 601W Companies
3105 River StreetDecember$150MTwo Trees ManagementConsolidated Edison
488 Richardson StreetFebruary$130.4MUDR88 Richardson Owner LLC
5856-862 Remsen AvenueDecember$130MBlackstone GroupCIM Group
6564 Saint Johns PlaceJuly$117MHarbor Group InternationalHeritage Equity Partners
7270 Flatbush AvenueJuly$100M385 Gold Property Investors IIA141 Willoughby Property Investors
8 (tie)319 Bond StreetAugust$95MRabsky GroupAll Year Management
8 (tie)240 Willoughby StreetAugust$95MRabsky GroupBrooklyn Hospital
1062 Imlay StreetMarch$85MPrime StorageFruchthandler family, Schron family