BY REW STAFF | JANUARY 8, 2014
Hilly Soleiman and Amit Doshi of Besen & Associates have been exclusively retained to market 100 Clinton Street, Brooklyn NY 11201. The subject property is a approximately 12,800 s/f two-story medical office building with 47,500 buildable square feet. Located in Downtown Brooklyn.
Massey Knakal Realty Services has been retained on an exclusive basis to sell a multifamily building at 730 West 183rd Street. The property is located on the corner of West 183rd Street and Robert Magaw Place in Manhattan’s Hudson Heights neighborhood. The asking price is $11,000,000.
The five-story walk-up building contains approximately 40,000 square feet and sits on a 100’ x 92’ lot. It consists of 44 residential units, of which 21 are three-room, 14 are four-room, and eight are five-room apartments. This offering presents investors with a rare opportunity to capitalize on below market rents in one of Northern Manhattan’s most established and sought-after neighborhoods.
The property is ideally located near the bustling Broadway and 181st Street retail corridors and surrounded by neighborhood anchors such as New York Presbyterian Hospital, Port Authority Bus Terminal, Fort Tryon Park, and P.S. 187 Hudson Cliffs. It is in close proximity to the Henry Hudson Parkway and Riverside Drive, and public transportation is easily accessible with the A train stop at Fort Washington Avenue and West 181st Street.
This property is being marketed exclusively by Massey Knakal Chairman Bob Knakal and Robert Shapiro.
Barcel Group announce the following transactions:
•585 N. Rail Road Avenue Staten Island, NY. A five-story elevator building with 35 apartments sold for 10 x rent price at $4,700,000. The buyer was represented by Marcel Fridman of Barcel Group, as well as the seller.
•89-21 153rd St, Queens, NY. A 6-story elevator building with 45 apartments sold for $5,650,000, which was 10 X the rent. Both the buyer and seller were repped by the Marcel Fridman of Barcel Group.
•107 Boerum Place, Brooklyn, NY, sold for $1,300,000. The 8-unit building sold for 18x the rent roll. Both buyer and seller were repped by Marcel Fridman of Barcel Group.
•806 Dean Street, Brooklyn, NY. A 5-unit free market building was sold for 13x the rent for $1,250,000. Both buyer and seller were repped by Marcel Fridman of Barcel Group.
•167 Waverly Ave, Brooklyn, NY. The building sold at a 4 cap or 17 x the rent for $2,250,000. Both buyer and seller were repped by Marcel Fridman of Barcel Group.
CBRE Group, Inc. announced that it brokered the sale of an incomplete New Jersey condominium project, Riverwalk at Rahway, on behalf of the seller and buyer.
CBRE NY Outer Boroughs’ Elli Klapper and Matt Giordano and New Jersey Private Capital Group’s Charles Berger completed the $2.125-million transaction.
The sale consisted of a portion of the project’s 86 townhomes in Rahway’s Essex Street Redevelopment area, along the Rahway River. The community lies in a Transit Village within walking distance to New Jersey Transit’s Rahway Train Station, where the Northeast Corridor Line and North Jersey Coast Line converge.
Adrian Langsner-Smilovici and Moses Pavel of Delta Commercial Real Estate arranged the sale of 61 Jefferson Avenue and 106 & 108 Melrose Street for $4.7 million.
The total size of the properties is 20,000 SF. Plans for its usage have not yet been announced.
Langsner-Smilovici and Pavel represented both the buyer and the seller in this transaction. The buyers are Cheryl and John Weiss, the seller was Nat Barzily.
Charles Chang, Associate Broker of Manhattan-based investment sales firm Highcap Group, announced the $8.1 million sale of 10-19 Irving Avenue in Ridgewood, NY.
The two-story 75,600 square foot building had been owner occupied since the 1990’s.
Situated on the corner of Irving and Covert Street within an M1 zone, a portion of the building boasts 30’ ceilings. The property also has an additional 78,270 square feet in air rights.
The purchaser plans to reopen the 288 foot wall of windows which has been blocked for over two decades and convert the property to a production studio. Chang exclusively represented the seller in the transaction.
Kalmon Dolgin Affiliates, Inc. (KDA) has arranged the sale of a 9,700 square-foot property at 34-39 56th Street in the Woodside neighborhood of Queens, NY, for $2.15 million. Kalmon Dolgin and Neil Dolgin, co-presidents of Kalmon Dolgin Affiliates, made the announcement.
Vincent Lopez of Kalmon Dolgin Affiliates was the broker for both the buyer, Video Concepts, and the seller, IL Nuraghe, in the transaction.
For the past 20 years, Video Concepts has been a leader in production and staging, creative services, interactive media, and event planning solutions. The company is relocating and expanding from a self-owned, 4,400 square-foot space at 18-25 26th Road in Astoria.
The two-story warehouse at 34-39 56th Street features 24-foot ceilings, two drive-in doors, a 1,200 SF mezzanine level, and eight parking spaces. The building underwent a state-of-the-art renovation by the Eastern Paralyzed Veterans Association before the seller, IL Nuraghe, purchased the building for wholesale wine storage. IL Nuraghe then sold the wine business and rented the property to Eurocraft Stone, a marble manufacturer, until listing the asset for sale with Kalmon Dolgin Affiliates.
The building at 34-39 56th Street in Astoria is located between 37th Avenue and Broadway, conveniently located near the Brooklyn Queens Expressway, Northern Boulevard, Queens Boulevard, and the Grand Central Parkway. The Woodside Long Island Railroad station and 7, M, and R subway lines are nearby, providing quick access to Manhattan, Brooklyn, and Long Island.
TerraCRG announced that they have closed on the sale of the development site located at 34 Conselyea Street between Lorimer Street and Union Avenue in the Williamsburg neighborhood of Brooklyn.
The property sold for $1,150,000, equal to $307 per Buildable SF. The 25 ft x 75 ft residentially-zoned site has approximately 3,750 Gross Buildable SF and is ideal for a townhouse or boutique condominium development. The property is just one block from the Lorimer Street L station and the Metropolitan Avenue G station.
The TerraCRG team who handled the sale consists of Ofer Cohen, Melissa DiBella, Dan Marks, Peter Matheos and Michael Hernandez.