Recent Commercial Real Estate Transactions

The Four Percent



219 Irving Avenue (at Harman Street)


This 4,350-square-foot, three-story building in Bushwick was built in 1931. It has four apartments, all vacant, and a ground-floor commercial unit, leased by a religious artifacts store until July; and four parking garages.

Buyer: Israel Goldstein

Sellers: Gil Nye and Jay Yoo

Seller’s Brokers: Matt Cosentino, Fred Bijou and Eddie Laboz of TerraCRG

Credit…Adams & Co.

$70/SQ. FT.

$69,860 approximate annual rent

110 West 40th Street (between Avenue of the Americas and Broadway)


Silvergrove Advisors, a mergers and acquisitions firm, signed a three-year lease for a 998-square-foot office space on the third floor of this building in Midtown. Built in 1914, this 26-story building has a recently renovated lobby and elevators. Notable tenants include the Movado Group and Crumbs Bake Shop.

Tenant: Silvergrove Advisors

Tenant’s Broker: Cogent Realty Advisors

Landlord: One Ten West Fortieth Associates

Landlord’s Brokers: David Levy and Brett Maslin of Adams & Company


1334 East Gun Hill Road (at Fish Avenue)

The Bronx

This 6,100-square-foot building in Williamsbridge was built in 1956. It has three office spaces and one retail space; tenants include Napa Auto Parts, a real estate company and Eastern CPR. The building last changed hands in 1994.

Seller: Evacar Enterprises

Brokers: Jonathan Squires, Shayne Soltan, Michael Fioravanti, Josh Neustadter and Addison Berniker of Cushman & Wakefield


275 Martense Street (between Nostrand and Rogers Avenues)


Built in 1931, this 8,976-square-foot building in East Flatbush has four floors. It has eight two-bedroom, rent-stabilized apartments, all occupied. The building last changed hands in 1992.

Buyer: 275 Martense Ave

Seller: Nisbett Girard Realty

Broker: Erik Rodriguez of Rodriguez Commercial Realty


Source link Real Estate

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