3915 Broadway
Uptown multifamily portfolio on the market
The mortgage note secured by eight prewar apartment buildings in Upper Manhattan is on the market for $70 million. Combining for 460 apartments and 25,000 square feet of retail space, the properties are located at 3885 Broadway, 4455 Broadway, 3915 Broadway, 3900 Broadway, 80 and 86 Fort Washington Avenue, 66-72 Fort Washington Avenue and 884 Riverside Drive. Seven of the buildings are located within a few blocks of each other between 160th and 164th streets. Eastern Consolidated is handling the sale on behalf of the special servicer.
Bronx development site on the block
A development site at 475 Exterior Street in the Mott Haven section of the Bronx is on the market with an asking price of $25 million. The site’s C4-4/HRW zoning allows for a variety of uses, including residential, commercial, retail, hotel and community space. For buyers taking advantage of the city’s Inclusionary Housing Program for affordable housing, the site has a maximum residential buildable square footage of 764,000 square feet. Otherwise, the property has a buildable square footage of 573,000 for residential use, 657,000 for commercial use and 1.24 million for a community facility. Massey Knakal’s Robert Knakal, Nicholas Burns, Jonathan Hageman and Andrew Essick are handling the sale.
Greenwich Village townhouse asking $22M
A five-story, multifamily townhouse at 23 Washington Square North is on the market with an asking price of $22 million, or about $3.14 million per unit. The property, built in 1830, has seven units that comprise 8,528 square feet of space. Three of the apartments are two-bedrooms, and four of the units are one-bedrooms. Jill Bane and Jed Garfield of Leslie J. Garfield & Co. are marketing the building.
Flatbush Avenue commercial space for sale
A commercial building and development site at 626 Flatbush Avenue in Brooklyn is for sale with an asking price of $15 million. The 52,265-square-foot property is located in Prospect Lefferts Gardens, and is currently occupied by four tenants, including medical offices and a charter school. One of the retail spaces is vacant. The site has an additional 164,000 square feet of air rights for future development. Jonathan Berman of Ariel Property Advisors is marketing the property.
Chelsea development site on the block
A development site at 544 West 26th Street is available for purchase for $14.5 million, or about $1,465 per square foot. The 9,900-square-foot site has 100 feet of frontage on West 26th Street, and allows for a development of up to 68,234 square feet of commercial space and community facilities. The property is currently leased to the City of New York, with approximately five years remaining on the lease. Jamison Weiner of the Manhattes Group is handling the sale.
Harlem residential portfolio on the market
A package of 11 multifamily buildings in Central Harlem is on the market with an asking price of $12.9 million. The walk-up properties are all located between West 134th and 136th streets, along West 135th Street, Adam Clayton Powell Jr. Boulevard, Frederick Douglass Boulevard and St. Nicholas Avenue. All together, the buildings include about 118,305 square feet of space and consist of 117 residential units and 12 commercial units. Ariel Property Advisors is handling the assignment.
Compiled by Linden Lim