Brooksville Company and Rockpoint Group’s purchase of 1155 Pennsylvania Avenue topped the list of commercial property sales in Brooklyn in 2018. The building was part of a 15-property portfolio purchased from Starrett City Associates for $870 million. The portfolio includes the largest federally subsidized housing development in the country. In a distant second place was Breaking Ground’s acquisition of 90 Sands Street from RFR Realty for $170 million.
TOP COMMERCIAL PROPERTY DEALS IN BROOKLYN IN 2018
|1||51 34th Street||TeamLab; Pace Gallery||55,000||Direct||Jamestown: Belvedere Capital; Angelo, Gordon & Co.; Cammeby’s International; FBE Limited|
|2||5200 Kings Highway||Target||49,000||Ripco Real Estate||Bridges Development Group|
|3||1 Nassau Avenue||Vital Climbing Gym||46,000||CBRE||Cayuga Capital Managment|
|4||233 Nevins Street||The Cliffs||40,000||Spaceworks Real Estate Advisors||Atkins & Breskins Company; JBS Project Management|
|5||3100 Ocean Avenue||NetCost Market||35,000||HUDSON||Norse Realty|
|6||124 Forrest Street||Citi bike||30,500||Ripco Real Estate||PH Noll|
|7||53-83 Water Street||Time Out Market New York||21,000||N/A||Midtown Equities;Rockwood Capital;HK Organization|
|8||3513 Atlantic Avenue||AutoZone||18,700||Ripco Real Estate||Leemilt's Petroleum|
|9||450 87th Street||Blink Fitness||17,000||Retail Zone||Allied Properties|
|10||74 Kent Street||New York University School of Medicine||16,679||Corcoran Group||Caerus Group|
Source: TRD analysis of public records for closed sales transactions in Brooklyn in 2018.