Abro Management | The Real Deal New York

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Abro Management

734 West Broadway
Woodmere, NY 11598
(516) 837-7000
Website

08/02/18
...East 29th Street Abro Management has purchased a multifamily building in East Flatbush for $22.7 million, according to sources familiar...

02/13/18
...connections to the Safras, a Brazilian banking family. Abro Management filed a suit against the company in November, claiming that HFZ and Vornado owe...

01/16/18
...them over ownership of the the latter property. Abro Management, which had sold the Marquand to Vornado and HFZ, sued the firms in November...

01/04/18
...March, Hudson sold two Brighton Beach rentals to Abro Management for $47 million. The company is currently developing a condo tower on the site of...

11/29/17
...Ziel Feldman (Credit: Getty Images) Richard Scharf’s Abro Management unloaded the Marquand more than five years ago. But in a new lawsuit, the...

08/04/17
...its website. Earlier this year, the firm joined Abro Management to buy a four-building portfolio in Upper Manhattan and Queens from A&E...

05/15/17
...a 32-unit multifamily building in East Harlem to Abro Management for $14.8 million. The six-story building at 115 East 116th Street, between Park and Lexington avenues...

05/11/17
...risk of exploding. 4. Banner Avenue Apartments, $46.9 million Buyer: Abro Management Seller: Hudson Companies of Brooklyn, New York City Pension Funds Brokerage: Westwood Realty Associates...

03/17/17
...Banner Street and David Kramer Richard Scharf’s Abro Management nabbed two adjacent Brighton Beach rental buildings from the Hudson Companies for $46.9 million, sources...

03/13/17
...investors led by Sugar Hill Capital Partners and Abro Management is in contract to buy a four-building portfolio from A&E Real Estate...

10/26/16
...East 2nd Street in the East Village Abro Management bought a seven-story East Village apartment building at 254 East 2nd Street from Charles Blaichman's...

10/24/16
...up the full two-story building. Richard Scharf’s Abro Management acquired the two properties for a combined $12 million in 2014. 6.) HUBB NYC Properties bought an...

09/28/16
...about $223 per square foot, sources said. The seller, Abro Management, led by Richard Scharf, owned the building since 1996, when the Cedarhurst-based firm bought it...

05/13/16
...borough’s Bedford Park section from Long Island-based Abro Management Corp. for $27.3 million. Gjonaj’s Nincila Properties acquired the elevator buildings – two connected properties...

06/16/15
...East rental building in the East Village to Abro Management for $60 million.  – Rey Mashayekhi...

06/09/15
...the 70-unit rental building from Richard Scharf’s Abro Management. The building, located between Post Road and Broadway, is six stories and spans 75,000 square...

06/02/15
...the East Village, David Kramer and Aaron Jungreis Abro Management bought a 92,000-square-foot East Village rental building known as the Hudson East from the...

04/21/15
...After nearly 20 years of ownership, Richard Scharf’s Abro Management sold a 92-unit mixed-use building at 210 West 262nd Street, on the corner of Broadway...

05/27/14
...property in Jamaica, Queens has sold for $15 million. Abro Management purchased the 56,050-square-foot building at 89-16 175th Street, which houses 55 residential units, 12,000 square feet...

12/05/12
...of 103 East 86th Street in Carnegie Hill from Abro Management. Abro had purchased the 48-unit apartment building four years ago for about $49 million, data...

09/28/11
...directors at Eastdil Secured, marketed the property for Abro management, which acquired it for $191.8 million in 2008. Abro will have a continuing interest. Combine retail...

...at 11 East 68th Street, which is owned by Abro Management. Hudson Square development site for sale The 95-year leasehold interest in a development site...

07/07/11
...at 11 East 68th Street, which is owned by Abro Management. The building is considered a perfect target for conversion given the lack of pre-war...

08/27/08
...East Side apartment buildings sold for $277.5 million to Abro Management of Woodmere. As The Real Deal first reported, a 44-unit, pre-war building at 814 Madison...

08/22/08
...were three special purpose companies with offices at Abro Management Corporation, according to property records published today. Richard Scharf, CEO of Abro Management, was...
  • Event Sales
  • Address 346 East 29th Street
  • Neighborhood East Flatbush
  • Borough Brooklyn
  • Square feet 67,000
  • Price $ 22,700,000
  • Publication Date 08/06/2018
  • Event Date 08/02/2018
  • Party 1 CBZ Management
  • Party 1 Brokerage Rosewood Realty Group
  • Party 1 Broker Aaron Jungreis, Mike Kerwin
  • Party 2 Abro Management
  • Party 2 Brokerage Rosewood Realty Group
  • Party 2 Broker Aaron Jungreis, Mike Kerwin
notes
The buyer secured the East Flatbush property for $22.7 million.
  • Event Financing
  • Address 121 East 116th Street
  • Neighborhood East Harlem
  • Borough Manhattan
  • Square feet 47,750
  • Price $ 7,500,000
notes
The borrower secured a refinance for $7.5 million, which consolidates a previous unpaid mortgage balance of $5.75 million from Capital One Bank.
  • Event Sales
  • Address 121 East 116th Street
  • Neighborhood East Harlem
  • Borough Manhattan
  • Square feet 47,750
  • Price $ 14,800,000
  • Price per foot $ 309.94
notes
The 48 residential-unit building in East Harlem was sold for $14.8 million.
  • Event Sales
  • Address 115 East 116th Street
  • Neighborhood East Harlem
  • Borough Manhattan
  • Square feet 47,450
  • Price $ 1,650,000
notes
The four multifamily properties, two in Manhattan and Queens each, with combined 230 units, was sold for $60 million.
  • Event Sales
  • Address 254 East 2nd Street
  • Neighborhood East Village
  • Borough Manhattan
  • Square feet 7
  • Price $ 28,000,000
notes
The multifamily building sold for $28 million.
  • Event Office Leasing
  • Address 1526 Grand Concourse
  • Neighborhood Bronx
  • Borough Bronx
  • Square feet 14,557
  • Publication Date 12/01/2016
  • Event Date 10/15/2016
  • Party 1 Abro Management
  • Party 2 The Jewish Board
  • Party 2 Brokerage Nick Zweig
  • Party 2 Broker Locations Commercial Real Estate, LTD
notes
The health and human services company signed a lease.
  • Event Sales
  • Address 223-237 East Sixth Street
  • Neighborhood East Village
  • Borough Manhattan
  • Square feet 92,000
  • Price $ 60,000,000
  • Price per foot $ 652.17
  • Event Sales
  • Address 89-16 175th Street
  • Neighborhood Jamaica
  • Borough Queens
  • Price $ 15,000,000
  • Event Retail Leasing
  • Address 280 Broadway
  • Neighborhood City Hall
  • Borough Manhattan
  • Square feet 2,000
notes
The California-based coffee chain signed a lease.
  • Event Sales
  • Address 814 Madison Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Price $ 191,800,000
  • Publication Date 10/01/2008
  • Event Date 08/22/2008
  • Party 1 Madison 68 Corporation of Manhattan
  • Party 2 Abro Management
notes
The rental building sold for $191.8 million. Rents at the property ranged over the past two years from $3,100 for a one-bedroom to $30,000 for a five-bedroom unit, according to StreetEasy. Abro Management also purchased two apartment buildings at 103-109 East 86th Street and 115-119 East 82nd Street for $85 million. In addition, Abro recently sold two apartment buildings at 34 Hillside Avenue and 2 Ellwood Street for $23.1 million and $17.1 million, respectively (see below).
  • Event Sales
  • Address 34 Hillside Avenue
  • Neighborhood Washington Heights
  • Borough Manhattan
  • Square feet 161,362
  • Price $ 23,100,000
  • Price per foot $ 143.16
notes
The elevator building sold for $23.1 million, or $143 per square foot. The buyer also acquired an adjacent residential building for $17.1 million (see below).
  • Event Sales
  • Address 2 Ellwood Street
  • Neighborhood Washington Heights
  • Borough Manhattan
  • Square feet 119,788
  • Price $ 17,100,000
  • Price per foot $ 142.75
notes
The residential property sold for $17.1 million, or $143 per square foot.
  • Event Sales
  • Building Name 103-109 East 86th Street
  • Address 103 East 86th Street
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Price $ 85,000,000
notes
The properties sold for $85 million. The two buildings contain four professional suites in addition to the residential units. Includes 115-119 East 82nd Street.
  • Event Sales
  • Building Name 207-211 West 106th Street
  • Address 207 West 106th Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 43,000,000
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