Commercial Sales |
Retail Leases |
Office Leases
Please submit deals to: deals@therealdeal.com
Please submit deals to: deals@therealdeal.com
| Address | Size Info | Buyer | Representative | Seller | Representative | Price | Notes | Issue |
|---|---|---|---|---|---|---|---|---|
| 452 Fifth Ave map | 29-story, 865,000 sf office bldg | Midtown Equities; IDB Group | n/a | HSBC Bank USA | n/a | $330.0M | HSBC agreed to the sale and leaseback of its New York headquarters building for $330 million in a transaction expected to close in the first quarter of 2010. Under the terms of the sale, the bank will lease the entire building for one year and floors one through 11 for 10 years. | November 2009 |
| 1212 Fifth Ave map | 15-story, 120,000 sf apt. bldg, 76 units total | Durst Fetner Residential | n/a | Mt. Sinai Medical Center | J. Kuhn, D. Noonan, J. Schwartzman, Newmark Knight Frank | $42.0M | The property sold for $42 million. The buyer plans to redevelop the building into condos. | November 2009 |
| 30 West 70th St map | 9-story, 58,360 sf apt. bldg | International investor | n/a | n/a | Rosen Associates Management Corp. | $30.0M | The property sold for $30 million. The price represents a capitalization rate of about 4 percent. | November 2009 |
| 318 East 48th St map | 5-story, 40,000 sf garage bldg | The Government of the Republic of Singapore | Gil Robinov, NAI Global | Chapman Consulting Group LLC | David Noonan, Newmark Knight Frank | $29.5M | The property sold for $29.5 million. The government plans to convert the building into an office tower which it will utilize for its Mission to the United Nations and its Consulate offices. | November 2009 |
| 550 West 17th St, 528 West 162nd St and 284 Audubon Ave map | 3 garages, 425 spaces total | ABS Partners Real Estate | S. Hornstock, G. Schenker, E. Altman, ABS Partners | Icon Parking | A. DeMarzo, H. Greenberg, DeMarzo Realty | $10.5M | The three income-producing garages sold for $10.5 million. | November 2009 |
| 330 East 38th St (The Corinthian) map | 186-space garage | Alliance Parking | Robert Knakal, Massey Knakal | Spitzer Enterprises | Robert Knakal, Massey Knakal | $10.28M | The parking garage underneath the condominium sold for $10.28 million. The garage also has 89 storage units for building residents. | November 2009 |
| 362-364 Ovington Ave (Brooklyn) map | 92,000 buildable sf development site | The School Construction Authority | n/a | n/a | Stephen Palmese, Massey Knakal | $9.75M | The former home of the Bay Ridge United Methodist Church sold for $9.75 million. The site will eventually have a new 680-seat elementary school and a new, smaller house of worship for BRUMC, according to a press release from Massey Knakal, the broker in the deal. | November 2009 |
| 150 and 152 East 23rd St map | 2 office bldgs, 20,646 sf total | n/a | n/a | Vercesi Hardware owners | Larry Stryker, Besen & Associates | $9.5M | The adjacent loft properties with ground-floor retail sold for $9.5 million, or $460 per square foot. The property has 28,714 square feet of usable air rights. The seller has occupied the building's retail space since 1911. | November 2009 |
| 122-20 Ocean Promenade (Queens) map | 6-story, 65,000 sf apt. bldg, 72 units total | n/a | A. Jungreis, M. Guttman, Rosewood Realty | Epirus Properties Inc. | A. Jungreis, M. Guttman, Rosewood Realty | $7.75M | The multifamily beachfront property sold for $7.75 million. | November 2009 |
| 633 Third Ave map | Comm. condo | The Permanent Mission of Afghanistan to the United Nations | n/a | n/a | n/a | $5.4M | The government of Afghanistan purchased the commercial space for $5.4 million. | November 2009 |
| 79 Mott St map | 11,275 sf mixed-use bldg | n/a | n/a | n/a | Linda Kyan, Bond NY | $5.2M | The property sold for $5.2 million, or $461 per square foot. The building contains 16 residential units and two retail units. | November 2009 |
| 51 and 53 West 19th St map | Two 5-story mixed-use bldgs | n/a | Angel Ramos, Berko & Associates | The Broche family estate | Agustin Peña, Berko & Associates | $5.0M | The properties sold for $5 million. The buildings sit on a 4,160-square-foot lot, and total development rights are in excess of 40,000 square feet. The retail portion was under a long-term lease to Spanish restaurant Boqueria at the time of sale. | November 2009 |
| 599 Broadway map | 10,000 sf comm. condo, 5th floor | Infusion Development LLC | n/a | Thermis Boone LLC | M. Glanzberg, C. Owles, Sinvin Realty | $4.5M | The commercial condo sold for $4.5 million, or $450 per square foot. | November 2009 |
| 599 Broadway map | 10,000 sf comm. condo, 4th floor | MKG Productions | n/a | Thermis Boone LLC | M. Glanzberg, C. Owles, Sinvin Realty | $4.2M | The commercial condo sold for $4.2 million, or $420 per square foot. | November 2009 |
| 108 West 80th St map | 5-story townhouse, seven units total | n/a | n/a | n/a | Paul Smadbeck, Massey Knakal | $3.2M | The prewar property sold for $3.2 million. Three and a half floors were owner occupied and delivered vacant. The building has a three-story rear extension. | November 2009 |
| 1001 Avenue H (Brooklyn) map | 32,200 sf apt. bldg, 38 units total | n/a | n/a | n/a | Eric Greenfield, Massey Knakal | $3.17M | The prewar walk-up building sold for $3.17 million, or $98 per square foot. The price represents a capitalization rate of 6.4 percent and a price per unit of $83,368. | November 2009 |
| 306 East 52nd St map | 7-story apt. bldg, 6 units total | n/a | C. Rowen, L. Mavashev, Besen & Associates | n/a | C. Rowen, L. Mavashev, Besen & Associates | $3.0M | The property sold for $3 million, or $409 per square foot. The price represents a gross rent multiple of 12.8 and a price per unit of $428,571. | November 2009 |
| 75-11 Main St (Queens) map | 7,059 sf retail bldg, three stores total | n/a | J. Smith, M. Steinmetz, Rosewood Realty | n/a | J. Smith, M. Steinmetz, Rosewood Realty | $2.3M | The strip mall sold for $2.3 million, or $326 per square foot. | November 2009 |
| 592 Wales Ave (The Bronx) map | Vacant lot | Nonprofit | Drunell Levinson, Jansizian Group | Developer | Drunell Levinson, Jansizian Group | $2.2M | The vacant lot sold for $2.2 million. It will be developed into a supportive housing unit. | November 2009 |
| 1421 53rd St (Brooklyn) map | 4-story, 13,000 sf apt. bldg, 16 units total | n/a | n/a | n/a | Eli Yaghoubi, City Prime Realty | $2.029M | The walk-up building sold for $2.03 million. | November 2009 |
| 2471 Davidson Ave (The Bronx) map | 5-story apt. bldg, 31 units total | n/a | C. Rowen, M. Garcia, Besen & Associates | n/a | C. Rowen, M. Garcia, Besen & Associates | $2.0M | The walk-up building sold for $2 million, or $54 per square foot. The price represents a gross rent multiple of 6.2 and a price per unit of $64,516. | November 2009 |
| 2117 86th St (Brooklyn) map | 1-story, 1,800 sf retail bldg | n/a | n/a | n/a | Jeffrey Shalom, Massey Knakal | $1.9M | The property sold for $1.9 million. The space is occupied by Tango, a local retailer that has been operating the clothing store for more than 20 years. | November 2009 |
| Bainbridge Ave and East 194th St (The Bronx) map | 5-story, 23,697 sf apt. bldg, 25 units total | Private investor | Sharone Sohayegh, Marcus & Millichap | Private investor | Sharone Sohayegh, Marcus & Millichap | $1.5M | The property sold for $1.5 million. The building contains five studios, 15 one-bedrooms and five two-bedrooms. | November 2009 |
| Adams Place and East 182nd St (The Bronx) map | 5-story apt. bldg, 16 units total | Private investor | Marco Lala, Marcus & Millichap | Private investor | Marco Lala, Marcus & Millichap | $1.28M | The prewar walk-up property sold for $1.28 million, or $80,000 per unit. The building has one studio, 11 two-bedrooms and four three-bedrooms. | November 2009 |
| 384 Neptune Ave (Brooklyn) map | 11,300 buildable sf development site | n/a | n/a | n/a | Brian Hanson, Massey Knakal | $1.04M | The property sold for $1.04 million. | November 2009 |
| 901 Broadway map | 5-story, 14,336 sf comm. bldg | Spanish investor | n/a | Thor Equities | Massey Knakal | $24.6M | The property sold in an all-cash transaction for $24.6 million, or $1,715 per square foot. The price represents a capitalization rate of 5.6 percent. The seller had acquired the building in 2006 for around $17.4 million, city property records show. The 7,000-square-foot ground floor is occupied by a fashion retailer, Miss Sixty, and floors two through four are occupied by a gallery tenant. | October 2009 |
| 2197-2199 and 2198 Cruger Ave (The Bronx) map | Two 6-story apt. bldgs, 168,000 sf total | n/a | M. Sparks, S. Antebi, GFI Realty | n/a | M. Sparks, S. Antebi, GFI Realty | $16.7M | The buildings sold for $16.7 million. The package contains 149 apartments and three professional offices. The price represents a capitalization rate of 5 percent and a gross rent multiple of 8.9. | October 2009 |
| 320-322 East 51st St map | Two 3-story townhouses, 4,292 sf total | The Permanent Observer Mission of the Organization of the Islamic Conference | Roberta Anderson, Roberta Anderson Associates | n/a | Mobius Realty Holdings | $7.0M | The adjacent townhouses sold for $7 million to the intergovernmental organization, which plans to combine the properties for use as a mission to the United Nations. The buildings' R8B zoning permits an additional as-of-right development of 4,774 square feet. | October 2009 |
| 234-236 Mulberry St map | 5-story, 19,500 sf apt. bldg, 38 units total | Aghajun Holdings LLC | D. Glaser, S. Schneider, Eastern Consolidated | The Weiss family | D. Glaser, S. Schneider, Eastern Consolidated | $6.7M | The property sold for $6.7 million. The building contains 33 rent-stabilized apartments, four rent-controlled apartments and one vacant apartment. The property also has four stores, including two that are leased to apparel retailers, one that is leased to an acupuncturist and one that is vacant. | October 2009 |
| 4401 Bronx Blvd (The Bronx) map | 40,000 sf medical office bldg | Montefiore Medical Center | Rick Stassa, NAI Friedland Realty | BD Capital Advisors | Rick Stassa, NAI Friedland Realty | $5.19M | The property sold for $5.19 million. | October 2009 |
| 427-437 Dean St (Brooklyn) map | Two 4-story apt. bldgs, 34 units total | n/a | Jack Oheb, Friedman-Roth Realty | n/a | George Niblock, Friedman-Roth Realty | $4.4M | The two walk-up buildings sold for $4.4 million. | October 2009 |
| 794 Union St (Brooklyn) map | 3-story, 15,120 sf medical office bldg | Private investor | Naomi Shu, Marcus & Millichap | Private investor | Naomi Shu, Marcus & Millichap | $4.0M | The vacant building sold for $4 million, or $265 per square foot. | October 2009 |
| 92 West Houston St map | 4-story, 3,788 sf mixed-use bldg | n/a | n/a | n/a | J. Nelson, B. Gotch, B. Simons, Massey Knakal | $3.4M | The vacant property sold for $3.4 million, or around $898 per square foot. The building has a restaurant on the ground floor, a commercial space on the second floor and two floor-through apartments above. | October 2009 |
| 7 Eldridge St map | 5.5-story, 8,262 sf apt. bldg | Zhong Geng Group | David Davidson, Besen & Associates | 7 Eldridge LLC | A. Doshi, L. Blumberg, Besen & Associates | $3.28M | The property sold for $3.28 million. The walk-up tenement building is vacant and gutted with finished concrete floors in place. The original Certificate of Occupancy allows for 18 apartments and four commercial units, two of which are occupied. | October 2009 |
| 3821 18th Ave (Brooklyn) map | 4-story, 28,536 sf apt. bldg, 31 units total | n/a | n/a | n/a | Eric Greenfield, Massey Knakal | $2.8M | The walk-up building sold for $2.8 million. The property contains 10 two-bedrooms and 21 one-bedrooms. | October 2009 |
| 305 Seventh Ave map | 2,700 sf office condo | Real estate holding company | J. Dayan, A. Ben-Dayan, Winoker Realty | Nonprofit organization | Leith ter Meulen, LPR Realty | $1.73M | The office condo sold for $1.73 million. | October 2009 |
| 461 Park Place (Brooklyn) map | 4-story, 10,000 sf apt. bldg | Local investor | n/a | n/a | Cheskie Weiss, Weiss Associates Co. | $1.25M | The vacant property sold for $1.25 million. | October 2009 |
| 791-795 Westchester Ave (The Bronx) map | 2-story, 7,679 sf comm. bldg and vacant lot | n/a | n/a | n/a | Nick Burns, Massey Knakal | $1.2M | The corner commercial building and an adjacent, 6,560-square-foot lot sold for $1.2 million. The property was delivered vacant. | October 2009 |
| 469 Park Place (Brooklyn) map | 4-story, 10,000 sf apt. bldg | Local investor | n/a | n/a | Cheskie Weiss, Weiss Associates Co. | $1.15M | The vacant building sold for $1.15 million. | October 2009 |
| 7524 Third Ave (Brooklyn) map | 3-story, 4,312 sf mixed-use bldg | n/a | n/a | n/a | S. Palmese, M. Giordano, Massey Knakal | $1.1M | The corner building sold for $1.1 million, or $255 per square foot. The price represents a capitalization rate of about 5.5 percent. The property's first floor is occupied by a Dime Savings Bank on a long-term lease, and the second and third floors each contain one three-bedroom apartment. | October 2009 |
| 485 Lexington Ave map | 31-story, 921,000 sf office bldg | Optibase Ltd.; Gilmor USA LLC | n/a | SL Green | C&W | $504.2M | SL Green agreed last month to sell a 49.5 percent stake in the building in a transaction that values the property at $504.2 million, or $547 per square foot. The price represents a capitalization rate of 6.25 percent. The deal, which is subject to approval by lenders, includes $450 million of existing debt. | September 2009 |
| 322 West 57th St (Sheffield57) map | 50-story apt. bldg, 845 units total | Fortress Investment Group | n/a | Kent Swig | Eastdil Secured | $20.0M | The condo building sold at a foreclosure auction last month for $20 million. Fortress, a Manhattan-based hedge fund that previously acquired more than $100 million in defaulted loans at the building, made the lone bid at the auction, giving it total control over the Sheffield57 holding company. After buying the defaulted mortgage loan and senior mezzanine loan, Fortress advanced several million dollars to help pay off common charges and unpaid mechanic's liens that Swig had accumulated. Swig purchased the property for $418 million in 2005 with majority investors Yair Levy and Serge Hoyda. | September 2009 |
| Upper East Side portfolio map | 3 apt. bldgs | The Penson Companies | CS Commercial Group | Extell Development | R. Knakal, T. Gamino, Massey Knakal | $10.75M | The package of three buildings at 1522 First Avenue, 1667 First Avenue and 402 East 80th Street sold for $10.75 million. The two First Avenue properties are zoned for residential and retail, and the East 80th Street property is exclusively residential. | September 2009 |
| 48 East 50th St map | 5-story, 8,748 sf comm. bldg | Metropolitan Transportation Authority | n/a | 48 East 50th Street LLC | n/a | $9.25M | The Metropolitan Transportation Authority paid $9.25 million for the first of four adjacent Midtown commercial buildings that will ultimately be demolished to make way for the development of a 60-foot ventilation structure that is part of the East Side Access project. | September 2009 |
| 30-46 Steinway St (Queens) map | 1-story retail bldg | n/a | n/a | n/a | Rubin Isakharov, Falco & Isak Realty Services | $2.5M | The property sold for $2.5 million. The price represents a capitalization rate of 8.4 percent. The space is occupied by T-Mobile until November 2012. | September 2009 |
| 5725 Foster Ave (Brooklyn) map | 19,000 sf industrial bldg | 473 East 92nd Street LLC | Metro Industrial | 5825 Foster Avenue LLC | M.C. O'Brien | $2.2M | The property sold for $2.2 million, or $116 per square foot, to an appliance-rebuilding company. | September 2009 |
| 407 Avenue P and 766 Flatbush Ave (Brooklyn) map | 2 mixed-use bldgs, 5,559 sf total | n/a | Michael Guttman, Rosewood Realty Group | n/a | n/a | $2.2M | The two properties sold for $2.2 million. The price represents a capitalization rate of around 8 percent. | September 2009 |
| 229 Lenox Ave map | 4-story, 8,344 sf mixed-use bldg | n/a | n/a | Developer | S. Edelstein, P. Von Der Ahe, Marcus & Millichap | $1.8M | The property sold for $1.8 million. The vacant property has 250 square feet of developable air rights under the current zoning. | September 2009 |
| 76-07/23 Jamaica Ave (Queens) map | 1-story, 4,298 sf retail bldg | 1031 buyer | n/a | n/a | S. Preuss, B. Sarath, Massey Knakal | $1.1M | The property sold for $1.1 million, or $255 per square foot. The price represents a capitalization rate of 7 percent. | September 2009 |
| 5 East 196th St (The Bronx) map | 6-story, 51,900 sf apt. bldg, 50 units total | The Morgan Group | A. Jungreis, M. Steinmetz, Rosewood Realty Group | n/a | nA. Jungreis, M. Steinmetz, Rosewood Realty Group | n/a | The elevator building sold for an undisclosed price. | September 2009 |
| 452 East Tremont Ave (The Bronx) map | 1,875 sf comm. bldg | n/a | Rick Stassa, NAI Friedland Realty | Fair Trading Furniture Company | Rick Stassa, NAI Friedland Realty | n/a | The property sold for an undisclosed price to a medical group. The buyer plans to construct a medical facility at the building and will be adding a second story. | September 2009 |
| 825 Eighth Ave (Worldwide Plaza) map | 47-story, 1.6 million sf office bldg | George Comfort & Sons; RCG Longview | n/a | Deutsche Bank | Eastdil Secured | $600.0M | After the last deal fell apart in June, George Comfort & Sons and RCG Longview recently completed a $600 million deal with Deutsche Bank to purchase Worldwide Plaza. Rather than creating a joint venture, Deutsche Bank will provide a $470 million mortgage for George Comfort, which will put up about $135 million in equity. The price comes to about $375 a square foot. Deutsche Bank will write down the original $1 billion mortgage it held on the property when Macklowe Properties bought the building in 2007. Deutsche Bank seized the property last year, along with six others, from Macklowe to settle unpaid debt. | August 2009 |
| 30 West 47th St map | 10-story, 55,000 sf office bldg | Jemsa Realty | n/a | Extell Development | n/a | $42.5M | The property sold for $42.5 million, nearly $8 million less than Extell had paid for it last year. The developer bought the building for $50.1 million in June 2008 then transferred air rights from the property to its under-construction, 32-story tower at 50 West 47th Street. | August 2009 |
| 4 East 43rd St map | 11,450 sf comm. bldg | Van Pok & Chang | A. Macaluso, L. Roberts, Prudential Douglas Elliman | Local investor | J. Glazer, S. Traaen, Conquest Advisors | $6.3M | The property sold for $6.3 million. The building is slated to be redeveloped as a boutique hotel, according to the new ownership. The property last sold for $5.5 million in 2006. | August 2009 |
| 3039 Wallace Ave (The Bronx) map | 6-story apt. bldg, 59 units total | n/a | A. Doshi, L. Blumberg, Besen & Associates | n/a | A. Doshi, L. Blumberg, Besen & Associates | $4.6M | The elevator building sold for $4.6 million, or $86 per square foot. The price represents a gross rent multiple of 7.1. | August 2009 |
| 1275 Edward L Grant Highway (The Bronx) map | 6-story apt. bldg, 61 units total | Brooklyn investor | n/a | Anlovi Corporation | Moses Sioni, Sioni & Partners | $3.63M | The elevator building sold for $3.63 million, or around $60,000 per unit. The price represents a gross rent multiple of 6.5. | August 2009 |
| 121 Ludlow St map | 3-story, 4,485 sf retail bldg | n/a | n/a | n/a | Michael DeCheser, Massey Knakal | $3.45M | The property sold for $3.45 million, or $756 per square foot. The price represents a capitalization rate of 4.4 percent. The building's vacant ground floor is configured for restaurant use, while the second floor is occupied by an art studio and the third floor contains a hair salon. | August 2009 |
| 35 Walker St map | 3-story, 6,000 sf mixed-use bldg | Local investor | Gia Wang, Trigem Realty | n/a | Gia Wang, Trigem Realty | $2.3M | The property sold for $2.3 million, or $383 per square foot. | August 2009 |
| 2632 East 14th St map | 2-story, 7,250 sf office bldg | Accord Business Administration | n/a | n/a | Brian Hanson, Massey Knakal | $1.78M | The commercial building sold for $1.78 million, or around $254 per square foot. The buyer plans to expand its full-service healthcare management facility at the location. | August 2009 |
| 3379-3381 Shore Parkway (Brooklyn) map | 2 comm. bldgs, 7,144 sf total | Local user | n/a | n/a | Brian Hanson, Massey Knakal | $1.67M | The property sold for $1.67 million, or $210 per square foot. The lot contains two factory buildings with three commercial units. | August 2009 |
| 21 Greenpoint Ave (Brooklyn) map | 3-story, 3,500 sf apt. bldg | n/a | n/a | n/a | Mark Lively, Massey Knakal | $1.32M | The property sold for $1.32 million, or $377 per square foot. The building consists of two floor-through apartments and a garage on the ground floor. The property, which was delivered vacant, has around 1,117 square feet of available air rights for the possibility of future development. | August 2009 |
| 21-03 Cornaga Ave (Queens) map | 2-story, 11,500 sf mixed-use bldg | n/a | John Simpson, Besen & Associates | n/a | John Simpson, Besen & Associates | $1.26M | The property sold for $1.26 million, or $109 per square foot. The price represents a capitalization rate of 9.4. The property consists of six apartments, three commercial units and a parking lot. | August 2009 |
| 1150 President St (Brooklyn) map | 4-story apt. bldg, 16 units total | n/a | S. Vegh, Y. Pershin, GFI Realty | Local investor | J. Landau, S. Vegh, GFI Realty | $1.05M | The rent-stabilized walk-up property sold for $1.05 million. The buyer plans to maintain long-term ownership of the building. | August 2009 |
| 145 Sixth Ave map | 3,400 sf comm. condo | Russell Roberts | Deborah Stewart, NYCRS | n/a | Erin Boisson-Aries, Brown Harris Stevens | n/a | The commercial artists' loft sold for an undisclosed price. | August 2009 |
| 70 Pine St and 72 Wall St map | 2 office bldgs, 1.4 million sf total | Youngwoo & Associates; Kumho Investment Bank | n/a | American International Group | D. Stacom, B. Shanahan, CBRE | $140.0M | The partnership reportedly submitted the winning bid for the properties, amounting to approximately $140 million, or $100 per square foot. The buyers have a mixed-use proposal for the buildings, which are connected by a skyway. | July 2009 |
| 210 West 77th St map | 42,058 sf garage | The Jewish Board of Family and Children's Services | n/a | Ricland LLC | n/a | $45.0M | The property sold for $45 million, or about $588 per buildable square foot. The site has a total buildable square footage of 76,500. The buyer, a mental health and social service agency, filed plans with the Department of Buildings for a 14-story building. | July 2009 |
| 465 Park Ave map | 42,600 sf retail condo | Charles Cohen | n/a | Shorenstein Properties | Eastdil Secured | $22.0M | The four-level retail unit went into contract for $22 million. The purchase will give Cohen control of the space at the base of the Ritz Tower co-op building, at 57th Street, where Borders Books' lease expires in January 2018. Borders itself once put the lease on the market. Cohen's acquisition comes just as he's in the midst of reconfiguring the store space at 135 East 57th Street, at Lexington Avenue, where tenants are vacating 17,900 square feet of retail space. | July 2009 |
| 1080 Leggett Ave (The Bronx) map | 144,000 sf warehouse | Manhattan Beer Distributors | Steve Kornspun, NAI Friedland Realty | Paradise Foods | n/a | $20.0M | The 4.9-acre property sold for $20 million. | July 2009 |
| Midtown East package map | Development site | ING Clarion | n/a | Berkshire Capital | n/a | $13.5M | ING Clarion reportedly bought out Berkshire's stake in seven lots, located at 131, 13 and 135 East 56th Street, and 678, 680, 682 and 684 Lexington Avenue, for $13.5 million. ING Clarion was an equity partner in Berkshire's $52 million purchase of the properties last year. | July 2009 |
| 333 Ovington Ave (Brooklyn) map | 6-story apt. bldg, 119 units total | n/a | A. Jungreis, D. Cohen, Rosewood Realty | 333 Ovington Avenue Inc. | L. McGaw, S. Palmese, Massey Knakal | $11.44M | The rental apartment building sold for $11.44 million. | July 2009 |
| 329 and 331 Lexington Ave map | 2 mixed-use bldgs, 18,338 sf total | United Prime LLC | n/a | Estate of Titania Tarwid | John Ciraulo, Massey Knakal | $5.13M | The adjacent properties sold for $5.13 million. The five-story building at 329 Lexington Avenue contains six apartments and one retail unit, and has approximately 13,062 square feet of unused air rights. The seven-story building at 331 Lexington Avenue has 12 apartments, a restaurant and a delicatessen, and has 6,600 square feet of unused air rights. | July 2009 |
| 1585 White Plains Rd (The Bronx) map | 6-story, 63,750 sf apt. bldg, 59 units total | Jomike Realty Co. LLC | Amit Doshi, Besen & Associates | Parkash Realty | Amit Doshi, Besen & Associates | $4.6M | The elevator building sold for $4.6 million, or $72 per square foot. The price represents a capitalization rate of 8.3 percent and a gross rent multiple of 7.1. | July 2009 |
| 533-543 West 158th St map | Three 6-story apt. bldgs, 77 units total | Vigor Realty LLC | Amit Doshi, Besen & Associates | Private investor | Ronni Shaban, Besen & Associates | $4.55M | The adjacent walk-up buildings totaling 49,500 square feet sold for $4.55 million. The price represents a capitalization rate of 7 percent, a gross rent multiple of 6.5 and a price per unit of $63,194. The average rent per unit was $803 per month. | July 2009 |
| 26-01/26-15 4th St (Queens) map | 1-story, 50,000 sf warehouse | AA Holding of Long Island City LLC | J. Unger, R. Klein, Kalmon Dolgin Affiliates | 26-01/26-15 4th Street LLC | J. Unger, R. Klein, Kalmon Dolgin Affiliates | $4.3M | The property sold for $4.3 million, or $86 per square foot. | July 2009 |
| 2550-52 University Ave (The Bronx) map | 5-story, 46,875 sf apt. bldg, 54 units total | n/a | Amit Doshi, Besen & Associates | The Morgan Group | Lynda Blumberg, Besen & Associates | $4.0M | The prewar walk-up building sold for $4 million, or $85 per square foot. The price represents a capitalization rate of 9 percent, a gross rent multiple of 6.4 and a price per unit of $74,074. | July 2009 |
| 25 McLean Ave (The Bronx) map | 6-story, 30,328 sf apt. bldg, 36 units total | n/a | M. Lala, D. Raciti, J. Lala, Marcus & Millichap | n/a | M. Lala, D. Raciti, J. Lala, Marcus & Millichap | $3.4M | The multifamily property sold for $3.4 million, or $112 per square foot. The building has eight studios, 20 one-bedrooms and eight two-bedrooms. | July 2009 |
| 143-28 Cherry Ave (Queens) map | 4-story, 12,915 sf apt. bldg | n/a | n/a | n/a | Stephen Preuss, Massey Knakal | $1.83M | The corner walk-up building sold for $1.83 million. The sales price represents a capitalization rate of 6.5 percent and a price per unit of $91,250. | July 2009 |
| 2307 Beaumont Ave (The Bronx) map | 5-story, 20,920 sf apt. bldg, 25 units total | n/a | M. Lala, D. Raciti, J. Lala, Marcus & Millichap | n/a | M. Lala, D. Raciti, J. Lala, Marcus & Millichap | $1.64M | The multifamily building sold for $1.64 million, or $78 per square foot. The property contains 16 one-bedrooms and nine two-bedrooms. | July 2009 |
| 1341 Garrison Ave (The Bronx) map | 1-story, 15,155 sf garage | n/a | n/a | n/a | Nick Burns, Massey Knakal | $1.6M | The building sold to an end user for $1.6 million, or $105 per square foot. The property, which is zoned M2-1 and allows for industrial use, had been owner-occupied by the selling family for 32 years. | July 2009 |
| 585 Wales Ave (The Bronx) map | 5-story, 250,000 sf warehouse | n/a | n/a | n/a | Nick Burns, Massey Knakal | $1.3M | The property sold for $1.3 million, or $52 per square foot. The building lies in an R7-1 zone and can be converted into residential use. | July 2009 |
| 462 East 137th St (The Bronx) map | 5-story, 21,875 sf apt. bldg | Local investor | S. Antebi, M. Sparks, GFI Realty | n/a | S. Antebi, M. Sparks, GFI Realty | $1.23M | The walk-up building sold for $1.23 million, or $56 per square foot. The property has 20 three- and four-bedrooms, including 17 rent-stabilized units and three rent-controlled units. | July 2009 |
| 211-217 Cook St (Brooklyn) map | 10,000 sf development site | n/a | n/a | n/a | M. Lively, T. Donovan, Massey Knakal | $1.15M | The corner industrial site sold for $1.15 million. The property is zoned M1-2 and allows for approximately 20,000 buildable square feet of manufacturing space. | July 2009 |
| 245 East Mosholu Pkwy North (The Bronx) map | 34,250 sf development site | Promesa Systems Inc. | M. Lala, D. Raciti, J. Lala, Marcus & Millichap | n/a | M. Lala, D. Raciti, J. Lala, Marcus & Millichap | $1.05M | The lot sold for $1.05 million, or $31 per square foot. The site has been approved for an 11-story apartment building with 29 one-bedrooms, five two-bedrooms and one studio. One-hundred percent financing was provided by the New York City Affordable Housing Acquisition Loan Fund. | July 2009 |
| 145 Spring St map | 8-story, 12,000 sf mixed-use bldg | Custo Barcelona | J. Strauss, D. Aaron, RKF | n/a | Eric Roth, Friedman-Roth Realty | n/a | The Spanish retailer purchased the property for an undisclosed price. The company had been occupying the building's 1,500-square-foot ground floor for its retail flagship and the seventh floor for its offices and showroom since December 2008. | July 2009 |
| 21-27 Ninth Ave map | Ground lease, four 3-story bldgs | Aurora Capital Associates | n/a | n/a | n/a | $150.0M | A ground lease and development rights for the vacant properties were acquired in a transaction valued at around $150 million, according to the New York Post. The buyer plans to renovate the buildings to hold 20,000 square feet of high-end retail space. Completion is slated for fall 2010. | June 2009 |
| 526-46 East 82nd St map | Four 6-story apt. bldgs, 106 units total | n/a | n/a | n/a | T. Gammino, P. Massey, Massey Knakal | $15.5M | The contiguous properties sold for $15.5 million, or $263 per square foot. The sales price represents a capitalization rate of 6.8 percent and a gross rent multiple of 9.5. The building has approximately 59,000 square feet, including 74 free-market units, 22 rent-stabilized units and 10 rent-controlled units. | June 2009 |
| 415 West 13th St map | 8,000 sf office condo | Canali | G. Spiegelman, M. O?Neill, C&W | n/a | n/a | $10.6M | The second-floor unit sold for $10.6 million. The luxury menswear designer plans to move out of 712 Fifth Avenue and into the new showroom space next year. The space is currently occupied by Sperone Westwater Gallery, which is waiting for its new location at 257 Bowery to be built out. | June 2009 |
| Queens portfolio map | Three apt. bldgs, 63,000 sf total | 71-15 65th Street Associates LLC | A. Jungreis, J. Smith, Rosewood Realty Group | Glendale Apartments 65 LLC | A. Jungreis, J. Smith, Rosewood Realty Group | $7.7M | The apartment buildings at 71-15, 71-21 and 71-27 65th Street sold for $7.7 million. The properties have a total of 72 units. | June 2009 |
| 1969 Amsterdam Ave map | 6-story apt. bldg, 35 units total | n/a | P. Von Der Ahe, S. Edelstein, Marcus & Millichap | Private investor | P. Von Der Ahe, S. Edelstein, Marcus & Millichap | $4.5M | The prewar property sold for $4.5 million, or $229 per square foot. The price represents a capitalization rate of 7 percent. About half of the apartments are two-bedrooms. | June 2009 |
| 59 Morton St map | 5-story, 6,680 sf townhouse | n/a | n/a | n/a | J. Ciraulo, J. Nelson, Massey Knakal | $3.7M | The walk-up building sold for $3.7 million, or $554 per square foot. The property, built in 1828, has two rent-stabilized tenants, one rent-controlled tenant and a vacant parlor on the third floor. | June 2009 |
| 215 East 3rd St map | Two vacant apt. bldgs | n/a | n/a | n/a | I. Nave, A. Ramos, Berko & Associates | $3.5M | The package of a six-story front-building shell and a four-story back building sold for $3.5 million. The buyer plans to renovate the property and rent the apartments and ground-level retail space. | June 2009 |
| 214 East 45th St map | 1-story retail bldg | 214 East 45th Street LLC | Costas Josephides, Reilly Mann Newell Realty | 830 Second Ave. Corp. | Costas Josephides, Reilly Mann Newell Realty | $2.7M | The property sold for $2.7 million. Currently occupied by the Comfort Diner, the sellers had owned the building since 1978. | June 2009 |
| 58-60 East 177th St (the Bronx) map | 6-story apt. bldg, 37 units total | n/a | Amit Doshi, Besen & Associates | n/a | Amit Doshi, Besen & Associates | $2.1M | The postwar elevator building sold for $2.1 million, or $67 per square foot. The sale represents a gross rent multiple of 6.2 and a price per unit of $56,750. The average rent per room is $299. | June 2009 |
| 108-21 72nd Ave (Queens) map | 10,452 buildable sf development site | n/a | n/a | n/a | Nick Petkoff, Massey Knakal | $2.0M | The two-story property sold for $2 million, or around $191 per buildable square foot, to a user who would like to build a private school. The site has a footprint of approximately 3,240 square feet. | June 2009 |
| 180-02 Eastgate Plaza (Queens) map | 1-story, 7,000 sf comm. bldg | TNT Construction | Dmitri Gourianov, Kalmon Dolgin Affiliates | Eastgate Plaza LLC | Dmitri Gourianov, Kalmon Dolgin Affiliates | $1.2M | The property sold for $1.2 million, or $171 per square foot. The building contains 4,000 square feet of office space and 3,000 square feet of warehouse space. Also on site is a 3,500-square-foot parking lot. | June 2009 |
| 89-20 Northern Blvd (Queens) map | 3-story, 4,920 sf mixed-use bldg | n/a | n/a | n/a | Swain Weiner, Massey Knakal | $1.19M | The property sold for $1.19 million, or $242 per square foot. The building has four stores on the ground floor and four apartments, including two three-bedrooms and two two-bedrooms. | June 2009 |
| 52-54 New Lots Ave (Brooklyn) map | 13,000 sf industrial bldg | Local investor | Sharone Levy, Greiner-Maltz | Renaissance Realty Group | Adir Cohen, Renaissance Realty Group | $1.05M | The property sold for $1.05 million, or $81 per square foot. | June 2009 |
| 122 East 58th St map | 4-story, 23,712 sf mixed-use bldg | Mosdot Shuva Israel | n/a | Hampton Synagogue | Massey Knakal | $28.5M | The property sold for $28.5 million. The buyer plans to use the building for a synagogue, school and administrative offices. The 80-year-old property last traded in 2007 for $24 million. | May 2009 |
| 122 East 32nd St map | 6,370 sf development site | The Consulate General of the Republic of Korea | C. Evans, Colliers ABR; Y. Park, Newstar Realty | n/a | R. Solarz, E. Anton, D. Kalish, D. Glaser, S. Schneider, Eastern Consolidated | $15.8M | The vacant parcel sold for $15.8 million. The Korean government plans to build a 12-story cultural center on the site, which has 43,152 buildable square feet. The price per buildable square foot was $366. | May 2009 |
| Brooklyn portfolio map | Four 4-story apt. bldgs, 188 units total | n/a | A. Jungreis, D. Berger, Rosewood Realty | n/a | A. Jungreis, D. Berger, Rosewood Realty | $14.5M | The portfolio of four Brooklyn walk-up buildings sold for $14.5 million. The properties are located at 446 and 474 East 98th Street, 171 East 96th Street and 53 Euclid Avenue. | May 2009 |
