Real Estate Weekly
Image default
Deals & Dealmakers

ON THE SCENE: This week’s sales and exclusives under $10 million

AGENTS

ERG Property Advisors announced the availability of 593 Rogers Avenue in Brooklyn, NY.
Located in the prime Prospect-Lefferts Garden section of Brooklyn, this 12 unit multifamily building was constructed in 2006. All units are currently occupied. The units are being rented significantly under market and the building offers substantial upside to the new owner.

The building is in excellent condition and is within two blocks from Prospect Park and Flatbush Avenue. The 2 and 5 subway train is just one block away and the Q train is within a 3 block radius.

Anthony Presutto and Frank Mancuso are representing the seller.

•••

GFI Realty Services, LLC announced that it has been named the exclusive sales agent for 888 Carroll Street, a four-story, walk-up apartment building located in the Park Slope section of Brooklyn. GFI Realty Senior Director of Investment Sales Shlomo Antebi will oversee the marketing of the property, with pricing targeted at $3.85 million.

The seven-unit building, which was constructed in 1920, totals 4,668 square feet and is comprised of four one-bedroom apartments and three studios. With Park Slope an increasingly popular neighborhood for young professionals, the building is ideally positioned for future conversion to condos, single-family or duplex use.

The building is located within steps of Prospect Park, and provides convenient access to numerous transportation options, including the 2, 3, 4, B, and Q subway lines. It is also proximate to the iconic Grand Army Plaza, and 7th Avenue – one of the neighborhood’s major commercial thoroughfares, which includes a range of dining options and retail establishments.

SALES

Ariel Property Advisors announces the sale of two multifamily properties in Northern Manhattan totaling $11.625 million. The properties are located at 422 Saint Nicholas Avenue in Central Harlem and 304 West 147th Street in Hamilton Heights.

304 East 147th Street – The 40’ wide six-story property, which spans 15,300 square feet, sold for $7.3 million. The building, located on the south side of West 147th Street between Bradhurst Avenue and Frederick Douglas Boulevard, contains thirty-three (33) residential units. The property has a unit mix of four (4) studio units, three one-bedroom units, and twenty-one (21) two-bedroom units.

Exclusive agents Victor Sozio, Shimon Shkury, Michael Tortorici, Matthew Gillis and Joshua Kwilecki represented the owners and secured the buyers for the sale.

422 Saint Nicholas Avenue – The 26’ wide five-story walk-up property, which spans 11,105 square feet, sold for $4.325 million. The building, located across from St. Nicholas park, is comprised of 10 units; two (2) two-bedroom and eight (8) eight-bedroom units. In addition, R8 zoning allows for approximately 9,178 square feet of air rights for future use.

Exclusive agents Victor Sozio, Joshua Kwilecki and Matthew Gillis represented the owners and procured the buyers for the sale.

•••

Louis Zuckerman and Patrick Colwell of CBRE Group’s Westchester/Fairfield operations arranged the $4.8 million sale of the building and improvements located at 800 Post Road in the heart of Downtown Darien, CT. The team represented the seller, Hawthorne Realty, in the negotiations, and procured the buyer.

Conveniently located within walking distance to the Darien train station and within easy access to I-95, 800 Post Road is a three-story office and retail property that is currently fully leased. Two tenants occupy the ground floor retail space, while medical/professional office tenants are on floors two and three. JEM Holdings, a New York based investment company with local ownership acquired the property as a long-term investment.

•••

NAI James E. Hanson announced it has brokered the sale of a 96,500-square-foot industrial building at 2 Bailey Farm Road in Harriman, N.Y. NAI Hanson’s Kenneth D. Lundberg, SIOR, and Patrick Lennon represented the landlord, Why Associates, LLC, in the sale to Contract Packaging Services, Inc.

Located in the Orange County Industrial Market, 2 Bailey Farm Road is a single story, single tenant industrial space on 20 acres with 80 parking spaces and five loading docks that will allow Contract Packaging Services to easily run and expand their food packaging business. The location also offers the ability to construct 100,000 square feet of additional industrial space.

Contract Packaging Services had recently completed a five-year lease at this location with the option of purchase at the conclusion of the lease. After significant capital investments into the property during their lease, Contract Packaging Services recognized that the flexibility and expandability presented by 2 Bailey Farm would allow them to meet their ambitious growth plans for the near future.

Harriman, N.Y. lies in an area at the center of 18 percent of the United States’ population and 20 percent of the nation’s GDP. Located near the Exit 16 exchange of the New York Thruway, the facility gives Contract Packaging Services direct access to their clients with the ability to reach 52 million people via one-day ground shipment.

•••

Jeremiah A Houlihan of Houlihan Parnes Realtors, LLC along with John Goad of Goad Real Estate Company is pleased to announce the sale of 33 William Street in the Fleetwood section of Mount Vernon, NY.
The property is improved with a 7-story concrete block & masonry brick double-wing, residential multi-family apartment building with two (2) self-service elevators constructed in 1954. There are 117 apartments, 44 on-site outdoor parking spots, 63 garage spots, gardens and courtyard.

The building is located along William Street which is block bounded north by West Grant St, South by Linden Ave, East by Gramatan Ave and West by North Terrace Ave. The property is within walking distance to the Fleetwood Train Station (Metro North Harlem line 20 mins to Grand Central Station), and bus routes along Gramatan Ave.

The Cross County Center is a 5-10 minute drive from Fleetwood and car access is via the Cross County Parkway, the Bronx River Parkway and the Hutchinson River Parkway.

•••

TerraCRG has announced the sale of 1384-1386 Flatbush Avenue, two contiguous properties in Flatbush. Peter Matheos, Senior Vice President, handled the transaction, which closed for $2.075M.

The two buildings combine for approximately 7,800 SF and consist of two retail spaces and four free market residential units. The ground floor retail, which totals approximately 3,400 SF, benefits from 40 feet of frontage on Flatbush Avenue, just three blocks from Flatbush Junction and Brooklyn College. The residential units are made up of four floor-through, renovated two-bedroom apartments with home offices. All of the residential units are individually metered with tenants responsible for their own utilities including heat and hot water.

Flatbush is emerging as a strong sub-market in New York City, seeing an influx of new development with over 1,200 new units coming to the immediate area. Most notably, there is a 23-story tower being developed at 1580 Nostrand Avenue, which will include 153 apartments and two stories of ground-level medical offices.

(Visited 1 times, 1 visits today)

Related posts

Boynton Beach City Commission Votes to Further Affiliated Development Public-Private-Partnership Project, the Pierce

REW

Storage Post secures $33.2M financing for Staten Island self-storage facility

REW

One of San Francisco’s famous Victorian Painted Ladies is for sale.

REW