Real Estate

Recent Commercial Real Estate Transactions

$9.5 MILLION

159 West twenty third Street (between Avenue of the Americas and Seventh Avenue)

Manhattan



This five-story, 8,950-square-foot constructing in Chelsea has six residences and two retail areas. Three of the residences are rent-regulated. Both retail areas and one condo are vacant.

Seller: 159 West twenty third L.L.C.

Brokers: Matt Fotis, Colton Traynham and Leonard Pisano of Marcus & Millichap

$20/SQ. FT.

$660,000 approximate annual lease

113-25 14th Avenue (at 114th Street)

Queens

This 33,000-square-foot industrial warehouse in College Point contains a non-public car parking zone and a double-level floor flooring, with an inside loading dock on the higher floor flooring and two overhead doorways on the decrease floor flooring.

Landlord: KBH NY Realty

Broker: Matthew McMullen of Greiner-Maltz Real Estate

$11.25 MILLION

1400 Benson Street (at Lane Avenue)

The Bronx

Built in 1925, this 55,272-square-foot, six-story constructing within the Westchester Square neighborhood incorporates 58 residences and 6 retail areas, plus a basement. All of the residences — 50 of them rent-stabilized — and retail areas are occupied. The constructing was the primary actual property growth by the Rudin household, which oversees one of many largest privately owned actual property corporations in New York.

Seller: Rudin Management

Buyer: Michael Gontar

Brokers: Jonathan Squires, Joshua King, Eric Roth, Michael Fioravanti and Robert Shapiro of Cushman & Wakefield

Source



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