search

The Real Deal Logo

Trending

Fortress initiates $548M foreclosure on Cohen Brothers portfolioFortress initiates $548M foreclosure on Cohen Brothers portfolio99 Cents closures to open 3.8M sf of retail opportunities in SoCal 99 Cents closures to open 3.8M sf of retail opportunities in SoCal WeWork announces deal to exit bankruptcy, avoid takeover by Adam NeumannWeWork announces deal to exit bankruptcy, avoid takeover by Adam NeumannAby Rosen and Michael Fuchs owe former RFR partner $20M: suitAby Rosen and Michael Fuchs owe former RFR partner $20M: suit
New York

Real estate investor Stanley Cayre sells Midwood home for $3.6M

Cayre’s family founded Midtown Equities

3514 Bedford Avenue and Stanley Cayre
3514 Bedford Avenue and Stanley Cayre

Stanley Cayre, brother to Midtown Equities [TRDataCustom] founder Joe Cayre, sold a single-family home in Midwood for $3.6 million, property records show.

An LLC called 3514 Bedford Holdings picked up the two-story house at 3514 Bedford Avenue in the Brooklyn neighborhood, according to property records filed with the city Monday. The 3,500-square-foot home was built in 1920, according to Zillow. It’s unclear what Cayre paid for the property.

Sign Up for the undefined Newsletter

In 2013, Cayre shelled out $23 million for a co-op at 640 Park Avenue on the Upper East Side. A New York Times story on the purchase described Cayre as a commercial real estate investor and noted he planned to use the apartment as a primary residence.

Midtown Equities, founded in 2000 to manage the Cayre family’s real estate holdings, is an active New York developer. The firm owns Empire Stores in Dumbo, among other properties, and is a co-owner of the brokerage CORE.

Tags
Midtown Equities