Home Business Recent Commercial Real Estate Transactions

Recent Commercial Real Estate Transactions

by admin

$10.15 MILLION

1314 Riverside Drive (between Plaza Lafayette and the George Washington Bridge)

Manhattan

Built in 1926, this 49,322-square-foot building is in the Hudson Heights neighborhood. The six-story building has 64 rent-stabilized apartments, one of which is vacant: five studios, 39 one-bedrooms, nine two-bedrooms and 11 three bedrooms. The building last changed hands more than 25 years ago.

Buyer: Rick Herman

Seller: Lisa Butera-Sgouros

Brokers: Peter Von Der Ahe, Seth Glasser and Jacob Kahn of NYM Group at Marcus & Millichap

$55/SQ. FT.

$117,590 approximate annual rent

10 West 33rd Street (between Broadway and Fifth Avenue)

Manhattan

Affordable Luxury Group, a fashion accessories company, signed a seven-year lease for a 2,138-square-foot space to use as an office and showroom in this building in Koreatown. The building, known as the Fashion Accessories Center, was built in 1914. Other tenants include A Classic Time Watch Company, Rugged Equipment and Global Design Concepts.

Tenant: Affordable Luxury Group

Landlord: Ten West Thirty Third Associates

Broker: David Levy of Adams & Company

$2.8 MILLION

1137 Dean Street (between Bedford and Nostrand Avenues)

Brooklyn

This 4,522-square-foot building in Crown Heights was rebuilt in 2019. It has four floors, a cellar and five vacant apartments: one one-bedroom, three two-bedrooms and one three-bedroom. Four of the units have at least one private terrace. The building last changed hands five years ago.

Seller: Falcon Allied

Broker: Saadya Notik of Mavrik Property Group

Credit…Gerardo Gutierrez

$200/SQ. FT.

$559,600 approximate annual rent

300 East 42nd Street (at Second Avenue)

Manhattan

A 2,798-square-foot corner retail space is available in this 1963 building in Midtown East. The space was most recently a sales office for One UN Park. The building has 18 floors; other tenants include the World Health Organization, Dor L’Dor, and Sussex Wine and Spirits.

Landlord: Somerset and Meadow Partners

Landlord’s Brokers: Andrew Roth, Nathaniel Mallon and Glenn Vogel of EXR Somerset

Source Link

Related Posts