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Recent Commercial Real Estate Transactions


$4.3 MILLION

2480 Belmont Avenue (at East 189th Street)

The Bronx

This five-story, 20,250-square-foot walk-up in the Belmont neighborhood was built in 1912. It has 22 apartments and six retail units; tenants include a deli and a salon.

Buyer: J&A Realty Development

Seller: Sky Lake Real Estate Fund

Broker: Marco Lala of RM Friedland

$49/SQ. FT.

$44,100 approximate annual rent

231 West 39th Street (between Seventh and Eighth Avenues)

Manhattan

Fashion Alchemy, an apparel firm, has signed a lease for a 900-square-foot space on the 10th floor of the 12-story Contemporary Fashion Center in Midtown Manhattan. Built in 1908, the building is in the heart of the garment district. Fashion Alchemy will use the space for offices and a showroom. Other tenants include Hard Tail, Hudson Jeans, Shoshanna, Milly, Autumn Cashmere and Joe’s Jeans.

Tenant: Fashion Alchemy

Landlord: 231/249 West 39th Associates

Brokers: James and Jeff Buslik of Adams and Company

$1.5 MILLION

1876A Fulton Street (between Buffalo and Ralph Avenues)

Brooklyn

This two-story, 1,920-square-foot building in Bedford-Stuyvesant has two apartments — a one-bedroom and a two-bedroom, both recently renovated — and one commercial unit, a barbecue restaurant, which is being renovated. The building was constructed in 1925 and retains 6,480 square feet of air rights.

Seller: 1876A Fulton Street

Broker: Zachary Fuchs of GFI Realty Services


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