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Deals & Dealmakers

ON THE SCENE: This week’s Under $10M sales & exclusives

RODNEY NASSIMIAN

AGENTS

Highcap Group announced that Rodney Nassimian has been retained to sell a 5-lot assemblage in the Hallets Point neighborhood of Astoria, Queens for $4,250,000. Located at 302 & 304 26th Ave, 26-09 & 26-11 3rd St (pictured top) and block 910, Lot 15, the properties have been family owned since 1980. The development opportunity provides 200 ft. of wraparound frontage along 26th Ave and 3rd St. The lots consist of a two-family, a single family and a few small warehouses to be demolished. The zoning for the site is R6, allowing 20,800 Buildable Square Feet as of right and 45,400 Buildable Square Feet with Community Facility.

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Atlas Realty Group Partners has been named the exclusive sales agent for 2454 Webb Avenue, Bronx, NY, a five-story, 36,000 s/f walk-up with 36 occupied rent-stabilized apartments. Shlomo Antebi is leading the assignment. The asking price is $5,250,000 based on a capitalization rate of 6.35 percent.
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STEVEN HAKAKIAN

Steven Hakakian of Schuckman Realty has secured the exclusive rights to sell a mixed-use building located at 627 East 222nd Street in the Wakefield neighborhood of the Bronx. 627 East 222nd Street is a three-story walk up wthat currently consists of 1,000 s/f of retail and seven residential units. Six of the seven units will be delivered vacant. There are approximately 1,972 s/f of additional air rights available. The property is right off the White Plains Road retail corridor, walking distance from the 2,5 trains and near Montefiore Medical Center.

LYNDA BLUMBERG

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Friedman-Roth Realty Services has been appointed exclusive broker for the following properties:
• An apartment building located at 440 15th Street, Park Slope, Brooklyn. The four-story walk-up contains 9 apartments and 9,088 s/f. The building has been in the same ownership for more than 25 years. The asking price is $4,000,000. Joseph Arnold Smith is handling the assignment.
• 312 Manhattan Avenue (aka 317-319 West 113th Street). The six-story elevator building contains 59 apartments and was constructed in 1920. Lynda Blumberg is representing the seller.

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MAVRIK Property Group is marketing a renovated five-unit property at 1137 Dean Street in Brooklyn for $2.8M. Built in 2019, the fully vacant 4,522 s/f property has three two-bed units, one three bedroom and a one bedroom. The building has individual meters, laundry and storage in the cellar. Oak wood flooring and 10 ft. high ceilings. Four of the five units have at least one private terrace. (The 5th floor duplex has two.) The garden level duplex has private access to a large backyard and all units have access to the rooftop. Saadya Notik, president of MAVRIK Property Group is handling the assignment.

SALES

JON ANGEL

Angel Commercial announced the sale of a free-standing industrial building located at 153 Dewey Street, Bridgeport, CT, has sold for $950,000. Jon Angel represented the seller, 153 Dewey Street Associates, and the buyer, AtoZ Rentals & Sales. The new owner, Perry Pools & Spas, purchased the business along with the real estate, and has relocated its operations from Norwalk to this location. Situated on .52 acres on the corner of Dewey Street and Salt Street in a Light Industrial (I-L) Zone, the 6,380 s/f commercial building has three drive-in doors and a fully-fenced parking area. It has immediate access to I-95 and is near banks, shopping, restaurants, gyms, cinemas, and public transportation.

ROBERT SHAPIRO

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Cushman & Wakefield announced the following sales:
• 682 Academy Street, a 22,650 s/f multifamily property in Inwood sold for $6,100,000, equating to $269 psf. Robert M. Shapiro, Ian Brooks and Lauren Hyland represented the seller, Enterprise Asset Management. Prana Investments purchased the asset. 682 Academy Street is a 31-unit, five-story, apartment building comprised of 15 one-bedroom, 11 two-bedroom and five three-bedroom apartments, with 25 units rent stabilized and five free market. The property’s roof, parapet walls, duel fuel boiler and upgraded electric and plumbing are all in excellent condition. The building also contains security cameras at all egresses, an intercom system, a live-in superintendent and recent spot pointing on the brick work.
• 763 Seneca Avenue, a 4,650 S/F mixed-use property in Ridgewood, sold for $1,200,000, equating to $258 per square foot at a 5.2% capitalization rate. Stephen R. Preuss, Andreas Efthymiou and Rani Bendary represented the seller. The asset was purchased by Klosed Properties, the company’s first acquisition in Ridgewood. 763 Seneca Avenue is a three-story building with two retail units and five free-market residential units. The residential tenants are on a month-to-month leases and both retail units are currently occupied by Katty Studio through at least 2022. The property is located one block from the Seneca Avenue Subway Station.

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