ExxonMobil sells Greenpoint parcel decade after agreeing to big cleanup

$30M deal topped weekly list of mid-market investment sales

332 Monitor Street and 1400 Benson Street, which were sold last week. (Google Maps)
332 Monitor Street and 1400 Benson Street, which were sold last week. (Google Maps)

 

New York’s mid-market investment sales bounced back in a big way in the final week of 2020.

Four sales in the $10 million to $30 million range in Brooklyn, Manhattan and the Bronx combined for $81 million. That was far above the $58 million across five sales the week before. Mid-market sales in the city had been steady for several weeks prior, hovering at around $100 million.

Here are more details for the week ending Jan. 1, 2021:

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1. ExxonMobil sold a 109,000-square-foot land parcel at 332 Monitor Street in Greenpoint for $30 million. In 2010, the oil and gas giant agreed to pay $25 million to clean up areas along Newton Creek, after widespread contamination from oil spills.

The buyer was film production company Broadway Stages.

2. A limited liability company purchased a 24,800-square-foot parking garage at 332 West 11th Street in the West Village for $26 million. The building was marketed as a potential megamansion development, and had been seeking close to $50 million. It found a buyer in November when it went into contract. The seller, Jack Jakub, who has run an auto detailing shop out of the building for decades, reportedly has a roster of celebrity clients including Leonardo DiCaprio and Julianne Moore.

3. Rudin Management sold a 55,272-square-foot, mixed-use building in the Bronx at 1400 Benson Street in Westchester Square for $11.25 million. The six-story building has 61 residential units. Bill Rudin signed as the seller. Gontar Management was the buyer.

4. Limited liability company 1240 Edward Grant acquired a 26,000-square-foot office building at 1240 Edward L. Grant Highway in the Mount Eden section of the Bronx for $13.8 million. The building sits on 59,000 square feet of land. The seller was Steven Rosenberg of 1240-50 Parking LLC.

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